Smoothie King & Urban Sprout
Retail | 7.00% CAP | 2,727 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a Smoothie King & Urban Sprout located at 876 Virginia Avenue in Atlanta, Georgia (the “Property”). The two-tenant Property is improved by a 2,727 square foot building on a 0.43-acre corner parcel. Smoothie King has been at this location since 2019 and just extended their lease (3 years early), demonstrating their commitment to the site and market. Smoothie King has 8+ years remaining on their lease. Urban Sprout has a new 5-year lease with one (1), five-year renewal option. Both leases call for attractive annual rent increases.
Smoothie King & Urban Sprout are extremely well located at the intersection of Oakridge Avenue and Virginia Avenue and enjoy outstanding visibility, frontage and access. The Property is positioned in Atlanta’s Hapeville neighborhood along the perimeter of Hartsfield-Jackson Atlanta International Airport, one of the busiest in the world, and is part of a dominant trade area that is home to countless national retailers and restaurants, more than fifty (50) hotels, office complexes, and industrial/warehousing facilities, all of which drive traffic to the area and provide a captive customer base. Additionally, the Property is within minutes of several area schools, densely populated residential neighborhoods, and area highways.
Investment highlights
LONG TERM LEASE: Smoothie King has been at this location since 2019 and just extended their lease (3 years early), demonstrating their commitment to the site and market. Urban Sprout has a 5-year lease with one (1), 5-year renewal option.
ATTRACTIVE RENT INCREASES: The Smoothie King lease calls for attractive 3% annual rent increases throughout the primary lease term. Urban Sprout’s lease also calls for attractive annual rent increases throughout the primary lease term and renewal option providing the investor with an attractive increase in revenue and hedge against inflation.
MINIMAL LANDLORD RESPONSIBILITIES: Each of the tenants have net leases and are responsible for their pro-rata share of all real estate taxes, insurance, common area maintenance, and repairs to the Property making it an attractive investment for the passive investor and protecting the in-place cash flow against rising costs of service and labor.
DYNAMIC TENANTS: Smoothie King, the world’s largest smoothie brand, is a privately held, Dallas-based franchise company with more than 1,300 units worldwide. In April 2025 Smoothie King announced its Q1 2025 business update showcasing another strong quarter of growth with 13 new store openings and 20 new store commitments added to its development pipeline, marking the 15th consecutive quarter of securing 20 or more store commitments. This location is operated by a Franchisee. Urban Sprout is a fast-casual salad bar concept where customers can create their own salads and wraps with a variety of fresh ingredients and homemade dressings.
PRIME RETAIL LOCATION: Smoothie King & Urban Sprout are positioned along the perimeter of the Hartsfield-Jacksonville Atlanta International Airport, one of the busiest airports in the world. The Property is surrounded by national and local retailers and restaurants, office complexes, industrial facilities, warehousing and distribution facilities and countless hotels. The Property offers quick and convenient access to Interstates 75, 85, and 285, US Routes 29 and 41, and IL Routes 6, 54, 85, 154, 166 and 331. The Property is also close to area schools and densely populated residential neighborhoods providing a built-in customer base.
HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORT: Hartsfield-Jackson Atlanta International Airport (ATL) is one of the busiest airports globally, often recognized as the world's busiest by passenger numbers. ATL is a significant hub for domestic and international travel. The airport covers around 4,700 acres and features two terminals, Domestic and International. As the primary hub for Delta Air Lines, ATL serves as a vital connection point for flights across the U.S. and around the world. Hartsfield-Jackson’s extensive route network contributes to its status as a major transit hub. It handles over 100 million passengers annually and accommodates flights to more than 225 domestic and international destinations. Beyond its operational prowess, ATL significantly impacts Atlanta's economy, supporting thousands of jobs and contributing billions of dollars annually. Known for its efficiency, customer service, and innovations, it remains a cornerstone of global aviation.
STRONG TRAFFIC COUNTS: Over 11,500 vehicles per day pass the Property at the intersection of Virginia Avenue and Oakridge Avenue. Additionally, more than 19,600 vehicles pass near the Property along Perry J Hudson Parkway.
RETAIL TRADE AREA: Notable businesses, attractions, and retailers drawing consumers to the trade area include Hartsfield-Jackson Atlanta International Airport, more than fifty (50) hotels, Porsche US Headquarters and Experience Center, Chickfil- A, McDonald’s, Wendy’s, KFC, Taco Bell, Arby’s, IHOP, Jimmy John’s, Schlotzsky’s, Pit Boss BBQ, Subway, and Dunkin’.
DEMOGRAPHICS: Approximately 48,100 people live within 3-miles of the Property with an average household income of $76,896. More than 187,600 people live within 5-miles of the Property, and there are more than 90,900 employees within 5-miles of the Property.
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