Listed by SURMOUNT
$1,966,000
Tropical Smoothie Cafe
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,163
Cap Rate 5.85%
NOI $115,000
Tenancy Single
Lease Type NNN
Lease Expiration 08/31/2037
Year Built 2007
Acreage 0.490
Tenant Credit Franchisee
Lease Commencement 08/22/2022
Ground Lease No
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Tropical Smoothie Cafe located at 5895 Roosevelt Boulevard, Jacksonville, FL 32244. The site consists of roughly 1,163 rentable square feet of building space on an estimated .49-acre parcel of land. Tropical Smoothie Cafe is subject to a 15-year Triple Net (NNN) lease, which commenced 8/22/2022. The current annual rent is $115,000 and has scheduled increases of 10.00% Every 5 Years.
Investment highlights
- Long-Term Triple Net Lease | 15-year NNN lease commenced August 2022, providing passive income with no landlord responsibilities.
- Built-In Rental Growth | Lease includes 10.00% rent increases every five years, offering strong long-term NOI growth.
- National Credit QSR Tenant | Tropical Smoothie Cafe operates 1,400+ locations nationwide with a proven fast-casual, health-focused concept.
- Strong Franchisee Guarantee | Lease is guaranteed by Dyne Hospitality Group, a premier franchisee with 120+ locations and a robust pipeline for continued national expansion.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,000.00
$9,583.33/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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