SNL Facilitates All-Cash Tropical Smoothie Sale in Savannah, GA
Todd Lewis Closes Deal with 1031 Exchange Buyer
Secure Net Lease, a nationally recognized brokerage firm, has announced the successful closing of a single-tenant Tropical Smoothie Cafe located in Savannah, Georgia. The asset was acquired by a private 1031 exchange buyer, reflecting strong investor demand for well-located, quick-service restaurant properties in the Southeast.
Todd Lewis, who represented the seller in the transaction, shared, “This was a smooth transaction and part of a 1031 exchange. It was an all-cash deal that closed quickly once we went under contract. The cap rate was very strong for both the market and the tenant, so we were extremely pleased with the outcome.”
The property is located at 11710 Abercorn Street, a prominent retail corridor in Savannah that sees substantial daily traffic. The Tropical Smoothie Cafe sits on ±0.46 acres and is ideally positioned with excellent visibility and access. The location benefits from close proximity to major traffic drivers, including Georgia Southern University–Armstrong Campus, the Savannah Mall, and St. Joseph’s Hospital. Its dense surrounding population and strong income demographics support continued long-term performance.
This transaction further demonstrates Secure Net Lease’s ability to identify strong real estate and connect motivated 1031 exchange buyers with stable, long-term net lease opportunities. The firm’s marketing process and transaction experience contributed to a smooth and efficient closing for all parties involved.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
