March 5, 2025 – Hobart Hare, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Tropical Smoothie Café in Savannah, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,000,000.
Tropical Smoothie Cafe is located at 11710 Abercorn Street in Savannah, Georgia. Tropical Smoothie has 14+ years remaining on their Absolute NNN Lease with two (2), 5-Year Renewal Options. The stand-alone building consists of 1,558 square feet and sits on 0.46 acres of land. The lease features attractive 1.5% annual rent increases throughout the base term of the lease and both renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. Tropical Smoothie is located along Abercorn Street (GA Route 204), the area’s primary commercial and commuter corridor. Then Property is seconds from St Joseph’s Hospital (714 beds) and Georgia Southern University – Armstrong Campus and is convenient to the area’s residential neighborhoods providing a built-in customer base. Additionally, the Property is surrounded by national and local retailers and restaurants that drive traffic to the area. Tropical Smoothie is less than 5 miles from Hunter Army Airfield and 8 miles from Downtown Savannah, GA.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.