931 Rainbow Dr - Fast Food FOR SALE


Gadsden, AL 35901
$2,773,000 USD
415-690-5522
931 Rainbow Dr, Gadsden, AL for Sale
$2,773,000 USD
Fast Food - FOR SALE
1/7
null | 6.6% Cap Rate

931 Rainbow Dr
Gadsden, AL 35901


HIGHLIGHTS

  • 10-year absolute NNN lease to Tropical Smoothie Cafe
  • Absolute NNN lease requires no landlord management, ideal for both local and out-ofarea investors
  • Scheduled rental increases in initial term and option periods, providing a long-term income generator
  • For the fourth year in a row, the brand was ranked #1 in the Smoothie/Juice Category by Entrepreneur Franchisee 500

OVERVIEW

This Tropical Smoothie Café is ideally situated at the signalized intersection of U.S. Route 411 and South 4th Street, benefiting from a combined traffic count of 39,247 vehicles per day. It is immediately adjacent to Gadsden Mall, a premier shopping destination, and enjoys close proximity to Interstate 759, a major Alabama thoroughfare with an average daily traffic count of 28,098. The area boasts a stable customer base, with 49,967 residents within a five-mile radius. Additionally, the site is near key community institutions, including Gadsden City High School (1,318 students), Donehoo Elementary School (300 students), and Emma Sansom Middle School (500 students). Surrounded by a dense retail corridor, the property is near national brands such as Walmart, Lowe’s, Chick-fil-A, McDonald’s, ALDI, Academy Sports + Outdoors, Belk, and several popular dining establishments. Projected income growth within 1-, 3-, and 5-mile radii over the next five years positions both Tropical Smoothie Café and Gadsden for sustained growth. Centrally located at the convergence of Birmingham, Huntsville, and Atlanta, the site also captures significant commuter traffic, further enhancing its visibility and accessibility.

FOR SALE DETAILS

PRICE

$2,773,000 USD

PRICE/SF

$1,359 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tropical Smoothie Cafe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,635 SF

ZONING

-

APN/PARCEL ID

15-02-09-0-001-009.000

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.