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Smoothie King & Urban Sprout 876 Virginia Ave 2,727 SF 100% Leased Retail Building Hapeville, GA 30354 $2,375,000 ($870.92/SF) 6.75% Cap Rate

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Investment Highlights

Long Term Lease
Minimal Landlord Responsibilities
Prime Retail Location

Attractive Increases
Dynamic Tenants
Strong Traffic Counts

Executive Summary

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.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,727 SF

Building Class

Year Built/Renovated

1978/2019

Price

$2,375,000

Price Per SF

$870.92

Cap Rate

6.75%

NOI

$160,320

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.15

Lot Size

0.43 AC

Zoning

Drive Thru

Major Tenants

Accommodation and Food Services
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Smoothie King operates its headquarters at 9797 Rombauer Road in Coppell, Texas, serving as the administrative and support center for its nationwide franchise network. Founded in 1973, the company has grown into a major provider of functional smoothies designed to support health, wellness, and active lifestyles. The Coppell location manages corporate functions including franchise operations, product development, marketing, and customer support. Smoothie King emphasizes nutritious ingredients such as whole fruits and organic vegetables and has steadily reduced artificial ingredients in many of its recipes. As a privately held organization, Smoothie King provides operational oversight to more than 1,000 stores across the United States and internationally. The Coppell headquarters also supports the brand’s digital ordering, loyalty programs, and franchise expansion initiatives. This site is identified in public listings as the central administrative office rather than a retail store, though some directories list it under food and beverage categories due to its association with the brand.