931 Rainbow Dr - Fast Food FOR SALE


Gadsden, AL 35901
$2,712,000 USD
678-808-2762
931 Rainbow Dr, Gadsden, AL for Sale
$2,712,000 USD
Fast Food - FOR SALE
1/3
null | 6.75% Cap Rate

931 Rainbow Dr
Gadsden, AL 35901


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.

FOR SALE DETAILS

PRICE

$2,712,000 USD

PRICE/SF

$1,329 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tropical Smoothie | Adjacent To #1 Mall in AL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

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

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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