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Restaurant

Tropical Smoothie | Adjacent To #1 Mall in AL

931 Rainbow Dr, Gadsden, AL 35901

Listing Price: $2,712,000

Cap Rate
6.75%
Tenant Name
Tropical Smoothie Cafe
Years Remaining On Lease
9.3
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$91.51

Investment Overview

10-YEAR ABSOLUTE NNN LEASE TO NATIONAL TENANT WITH RENTAL INCREASES IN INITIAL TERM & OPTIONS
• The subject property features a new absolute NNN lease with 10% rent increases every five years during the initial term.
• The operator is Dyne Hospitality Group, the largest Tropical Smoothie Cafe franchisee with 120+ locations across Alabama, Florida, Texas, and other states.
• The tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• The lease includes 6% rent increases in each of the three 3-year option periods.
• This Tropical Smoothie Cafe was renovated in 2024 and features the latest dual-lane drive-thru for enhanced customer experience.

HIGH-TRAFFIC SIGNALIZED INTERSECTION (36,875 COMBINED VPD)
• The subject property is positioned at a signalized intersection with 36,875 combined VPD.
• Surrounded by national tenants including Walmart, Lowe’s, Chick-fil-A, McDonald’s, Food City, Aldi, Academy Sports + Outdoors, Belk, Arby’s, and more.
• The property is at an exit location for Interstate 759, a major Alabama corridor that sees 30,709 VPD.

ADJACENT TO THE GADSDEN MALL (3M ANNUAL VISITS)
• The property is located on US 441 (31,107 VPD), adjacent to Gadsden Mall and a Food City grocery store.
• Gadsden Mall is a high-performing center, ranking as the #1 mall in Alabama and drawing over 3 million visitors annually.
• Food City also performs well, attracting over 798,500 annual visitors.
• The subject property is adjacent to a high-performing Chick-fil-A that ranks in the top 5% of locations nationwide.

LEASE BACKED BY LARGEST TROPICAL SMOOTHIE FRANCHISEE (120+ UNITS)
• Dyne Hospitality Group is the largest Tropical Smoothie Cafe operator in the U.S., with 120+ locations.
• Dyne accounts for nearly 10% of the brand’s footprint and has earned multiple “Franchisee of the Year” awards.
• Backed by experienced leadership, Dyne is known for operational excellence, guest satisfaction, and strong store-level performance.
• Dyne Hospitality Group is expanding rapidly and is playing a key role in Tropical Smoothie’s national expansion toward 2,000+ locations.

GADSDEN, AL | REGIONAL ECONOMIC HUB OF NORTHEAST ALABAMA
• The property is located in Gadsden, AL—a growing city along the Coosa River in northeast Alabama and the seat of Etowah County.
• Gadsden serves as a regional hub for employment, healthcare, and retail, with ongoing investment in downtown redevelopment and infrastructure.
• The city offers access to major transportation corridors, including I-759, U.S. Hwy 431, and U.S. Hwy 278, supporting logistics and commuter traffic.
• Major local institutions include Gadsden Regional Medical Center (338 beds), Riverview Regional Medical Center (281 beds), and Gadsden State Community College (4,000 students), generating consistent daily traffic.
• The city has secured state and federal grants to revitalize key corridors and expand industrial development, including a new $16.6 million city hall under construction in 2025.
• Positioned along the scenic Coosa River, Gadsden draws regional visitors to Noccalula Falls Park, downtown dining, riverfront trails, and annual festivals.

TROPICAL SMOOTHIE | 1,400+ LOCATIONS NATIONWIDE
• Founded in 1997, Tropical Smoothie Cafe is a leading fast-casual brand offering smoothies, wraps, bowls, and flatbreads focused on healthy lifestyles.
• The brand has expanded to over 1,400 locations across 44 states and was named one of the “Top 10 Fastest-Growing Chains” by Nation’s Restaurant News.
• In 2023, Tropical Smoothie Cafe surpassed $1.5 billion in systemwide sales, driven by strong same-store growth and robust franchise demand.
• The company continues to expand rapidly, opening 150+ new locations annually and consistently ranking in Entrepreneur’s Franchise 500.

Investment Highlights

  • 10-Year Absolute NNN Lease To National Tenant With Rental Increases In Initial Term & Options
  • High- Traffic Signalized Intersection (36,875 Combined VPD)
  • Adjacent To The Gadsden Mall (3M Annual Visits)
  • Lease Backed By Largest Tropical Smoothie Franchisee (120+ Units)
  • Gadsden, AL | Regional Economic Hub Of Northeast Alabama
  • Tropical Smoothie | 1,400 + Locations Nationwide

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

Tropical Smoothie | Adjacent To #1 Mall in AL

Listing Price: $2,712,000

Cap Rate
6.75%
Tenant Name
Tropical Smoothie Cafe
Years Remaining On Lease
9.3
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$91.51

Investment Highlights

  • 10-Year Absolute NNN Lease To National Tenant With Rental Increases In Initial Term & Options
  • High- Traffic Signalized Intersection (36,875 Combined VPD)
  • Adjacent To The Gadsden Mall (3M Annual Visits)
  • Lease Backed By Largest Tropical Smoothie Franchisee (120+ Units)
  • Gadsden, AL | Regional Economic Hub Of Northeast Alabama
  • Tropical Smoothie | 1,400 + Locations Nationwide

Investment Overview

10-YEAR ABSOLUTE NNN LEASE TO NATIONAL TENANT WITH RENTAL INCREASES IN INITIAL TERM & OPTIONS • The subject property features a new absolute NNN lease with 10% rent increases every five years during the initial term. • The operator is Dyne Hospitality Group, the largest Tropical Smoothie Cafe franchisee with 120+ locations across Alabama, Florida, Texas, and other states. • The tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • The lease includes 6% rent increases in each of the three 3-year option periods. • This Tropical Smoothie Cafe was renovated in 2024 and features the latest dual-lane drive-thru for enhanced customer experience. HIGH-TRAFFIC SIGNALIZED INTERSECTION (36,875 COMBINED VPD) • The subject property is positioned at a signalized intersection with 36,875 combined VPD. • Surrounded by national tenants including Walmart, Lowe’s, Chick-fil-A, McDonald’s, Food City, Aldi, Academy Sports + Outdoors, Belk, Arby’s, and more. • The property is at an exit location for Interstate 759, a major Alabama corridor that sees 30,709 VPD. ADJACENT TO THE GADSDEN MALL (3M ANNUAL VISITS) • The property is located on US 441 (31,107 VPD), adjacent to Gadsden Mall and a Food City grocery store. • Gadsden Mall is a high-performing center, ranking as the #1 mall in Alabama and drawing over 3 million visitors annually. • Food City also performs well, attracting over 798,500 annual visitors. • The subject property is adjacent to a high-performing Chick-fil-A that ranks in the top 5% of locations nationwide. LEASE BACKED BY LARGEST TROPICAL SMOOTHIE FRANCHISEE (120+ UNITS) • Dyne Hospitality Group is the largest Tropical Smoothie Cafe operator in the U.S., with 120+ locations. • Dyne accounts for nearly 10% of the brand’s footprint and has earned multiple “Franchisee of the Year” awards. • Backed by experienced leadership, Dyne is known for operational excellence, guest satisfaction, and strong store-level performance. • Dyne Hospitality Group is expanding rapidly and is playing a key role in Tropical Smoothie’s national expansion toward 2,000+ locations. GADSDEN, AL | REGIONAL ECONOMIC HUB OF NORTHEAST ALABAMA • The property is located in Gadsden, AL—a growing city along the Coosa River in northeast Alabama and the seat of Etowah County. • Gadsden serves as a regional hub for employment, healthcare, and retail, with ongoing investment in downtown redevelopment and infrastructure. • The city offers access to major transportation corridors, including I-759, U.S. Hwy 431, and U.S. Hwy 278, supporting logistics and commuter traffic. • Major local institutions include Gadsden Regional Medical Center (338 beds), Riverview Regional Medical Center (281 beds), and Gadsden State Community College (4,000 students), generating consistent daily traffic. • The city has secured state and federal grants to revitalize key corridors and expand industrial development, including a new $16.6 million city hall under construction in 2025. • Positioned along the scenic Coosa River, Gadsden draws regional visitors to Noccalula Falls Park, downtown dining, riverfront trails, and annual festivals. TROPICAL SMOOTHIE | 1,400+ LOCATIONS NATIONWIDE • Founded in 1997, Tropical Smoothie Cafe is a leading fast-casual brand offering smoothies, wraps, bowls, and flatbreads focused on healthy lifestyles. • The brand has expanded to over 1,400 locations across 44 states and was named one of the “Top 10 Fastest-Growing Chains” by Nation’s Restaurant News. • In 2023, Tropical Smoothie Cafe surpassed $1.5 billion in systemwide sales, driven by strong same-store growth and robust franchise demand. • The company continues to expand rapidly, opening 150+ new locations annually and consistently ranking in Entrepreneur’s Franchise 500.

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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