The subject property is a newly constructed Tropical Smoothie Cafe drive-thru located in Valdosta, GA. The 15-year absolute NNN lease includes 10% rental increases every 5 years in the primary term and option periods. The lease is guaranteed by Dyne Hospitality Group, the largest Tropical Smoothie Cafe franchisee in the brand, operating over 120 Tropical Smoothie Cafe locations throughout 8 states.
The property is strategically located in the heart of a dense retail trade area directly across from Walmart and Publix and next to ALDI, Chipotle and Peachtree Immediate Care. The site benefits from excellent access and visibility along the most heavily trafficked thoroughfare in Valdosta (Inner Perimeter Road), which boasts over 27,000 vehicles per day. Additionally, the property is just 2 miles north of Valdosta State University (12,000 students). National retailers in the immediate vicinity include ALDI, Chipotle, Publix, Walmart, Chick-Fil-A, UPS, Walgreens, Blaze Pizza, Dollar Tree, Goodwill, GameStop, T-Mobile, Firestone, Zaxby’s, Verizon, Dollar General, Starbucks, Wells Fargo and many more.
This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.