931 Rainbow DrGadsden, AL 35901

Property Details for 931 Rainbow Dr

Year built

2010

Lot size

0.64 AC

Property size (Sq ft)

2,254 SF

Property type

Retail properties

Property subtype

Banks

APN

15-02-09-0-001-009.000

APU

1502090001009000

Description

This exceptional investment opportunity presents a 2,000 square foot Tropical Smoothie Cafe in Gadsden, Alabama. Located at the signalized intersection of US Route 411 and South 4th Street, this high-visibility location boasts a combined daily traffic count of 39,247 vehicles. Benefiting from its proximity to Interstate 759 (28,098 AADT), the property enjoys excellent accessibility and high visibility. The site is ideally situated adjacent to Gadsden Mall, a premier shopping destination, and surrounded by a dense concentration of retail establishments including Walmart, Lowe's, Chick-fil-A, McDonald's, and many more. The property sits on a 0.64-acre lot and features a new, 10-year absolute NNN lease (commencing November 19, 2024, and expiring November 30, 2034) with scheduled rent bumps, ensuring a stable and growing income stream. The tenant, Dyne Hospitality Group, operates over 120 Tropical Smoothie Cafe locations, making them the largest franchisee in the system. The property's strong demographics are further supported by a population of 49,967 within a five-mile radius, including proximity to several schools. With a 6.25% cap rate and a Net Operating Income (NOI) of $183,011, this is a compelling investment opportunity for both local and out-of-area investors seeking a low-management, high-return asset. The property is also suitable for a 1031 exchange. The building was constructed in 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $700,794

  6.5%

  $646,887

  7%

  $600,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $925,228

  Geo Method

  $1,107,956

• Alternative Use

  Use

  Valuation

  Residential

  $545,673

  Hospitality

  $499,834

  Educational

  $415,856

  Medical

  $430,158

  Retail

  $646,887

Location Insight

City

Gadsden

County

Etowah

State

Alabama

Latitude

33.9983

Longitude

-86.0049

CBSA code

23460

CBSA name

GADSDEN, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].