Tropical Smoothie
Brand-New 10-Year Absolute Triple Net (NNN) Lease, Providing Investors with Stable, Passive Income
Marketing description
Northmarq is pleased to present this single-tenant Tropical Smoothie Café located at 1100 Peterson Avenue South in Douglas, Georgia (“The Property”). The asset features a brand-new 10-year Absolute Triple Net (NNN) lease, providing investors with stable, passive income backed by one of the fastest-growing fast-casual concepts in the United States. With zero landlord responsibilities and a true bondable lease structure, the Property offers a compelling opportunity for investors seeking durable cash flow in a well-trafficked retail corridor.
Investment highlights
NATIONAL, CREDIT-ORIENTED FAST-CASUAL BRAND
Tropical Smoothie Café is a nationally recognized fast-casual concept with over 1,500 locations nationwide, benefiting from strong brand awareness, diversified daypart traffic, and a health-oriented menu that performs well across urban, suburban, and secondary markets.
PRIVATE EQUITY SPONSORSHIP
The brand is backed by Blackstone, one of the world’s largest private equity firms, providing institutional capital support, operational expertise, and long-term growth strategy for continued unit expansion.
ABSOLUTE NNN LEASE STRUCTURE
The lease is structured as an absolute triple-net lease, with the tenant responsible for all operating expenses, taxes, insurance, maintenance, and repairs, providing a true passive income stream for ownership.
LONG-TERM LEASE WITH BUILT-IN DURABILITY
The lease features a 10-year base term with two automatic 5-year renewal options, offering up to 20 years of potential occupancy and long-term income stability.
FREESTANDING DRIVE-THRU LOCATION
The property is a freestanding building with drive-thru, an increasingly desirable format that supports convenience-driven consumer behavior, higher throughput, and strong tenant sales performance.
STRONG TRAFFIC EXPOSURE
Situated near South Peterson Avenue and South Madison Avenue, the site benefits from multiple traffic count locations exceeding 11,000–12,000 AADT, supporting strong visibility and accessibility.
LOW LAND COVERAGE / PAD APPEAL
Located on approximately 0.58 acres, the site offers efficient land utilization and pad-site characteristics that appeal to both operators and investors seeking liquidity.
AUTOMATIC RENEWAL STRUCTURE
Renewal options are automatic unless the tenant elects otherwise, signaling a strong incentive for long-term occupancy and operational continuity.
NO LANDLORD OPERATIONAL RESPONSIBILITIES
Landlord has no maintenance or operational obligations, insulating ownership from capital expenditure risk and management burden.
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