Sonny's BBQ

7055 South Semoran Boulevard, Orlando, FL 32822

$3,638,000

Cap Rate 6.00%

Views: 118 Updated: 10.23.23 Posted: 09.13.23 Status: Inactive

Summary

Price $3,638,000	Built/Renov 1998/2016	Tenant Sonny's BBQ
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 6,532	Lease Start 12-28-2016	#Units 96
Price/SF $556.95	Expiration 12-31-2031	Tenant Type Casual Dining
NOI $218,265	R. Term 7.1	Ownership Fee Simple
Rent/SF $33.41	Increases 1.5%/1/yrs	Pop 5Mi 187,041
Lot/AC 1.59	Options 4/5yrs/1.5%	AHHI 5Mi $89,013

Lease Highlights

The tenant has 8+ years remaining on their original 15-year lease with 4 (5-year) options to extend
Lease features 1.50% annual rental increases
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease
Income tax free state

Location Description

Sonny BBQ is strategically fronting S. Semoran Blvd, a major North/South corridor that serves East Orlando and sees an average of 71,000 vehicles passing by daily. Notably, S. Semoran Blvd, also known as State Hwy 436, serves as the primary entrance to Orlando International Airport. The immediate vicinity of the subject property is enriched by the presence of more than 20 hotels within the...

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Key Features

High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

Sonny's BBQ Wikipedia Sonny's BBQ Wikipedia Orlando, Florida Zip Code 32809 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Sonny's BBQ
Guarantor:Corporate
Company:Sonny's BBQ
# Units:96
Stock:Private

About Tenant

Sonny's BBQ is an American barbecue restaurant chain. Founded in 1968 in Gainesville, FL as Sonny's Real Pit-Bar-B-Q, the chain was rebranded as Sonny’s BBQ in 2013. The casual dining...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,549	61,014	187,975
2023 Total Population :	5,496	59,102	187,041
2023 Employed Civilian Pop :	3,424	31,734	101,942
2023 Total Businesses :	335	2,647	6,610
2023 Average Household Income :	$ 62,634	$ 81,902	$ 89,013
2023 Total Consumer Spending :	$ 126 M	$ 1625 M	$ 5582 M
2023 Median Age :	30	37	38
2023 Total Households :	2,255	22,680	72,060
2023 Pop Age 25+: Bachelor's Degree :	1,016	9,189	31,594
2023 Average Home Value :	$ 255,570	$ 323,016	$ 362,389

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Hazeltine National Dr	Mill Cove Ln	2012	1,500	0.12 mi
Hazeltine National Drive	Mill Cove Ln	2021	1,450	0.12 mi
S Semoran Blvd	Butler National Dr	2007	55,411	0.29 mi
S Semoran Blvd	N Frontage Rd	2012	53,000	0.34 mi
Semoran Boulevard	Frontage Rd	2021	70,500	0.40 mi
Frontage Rd	N Frontage Rd	2003	22,233	0.47 mi
SR 436 N/B	Beeline Expy	2021	32,500	0.50 mi
Lee Vista Blvd	Perfect Dr	2002	7,731	0.52 mi
S Semoran Blvd	Beeline Ex Off Ramp	2000	41,000	0.53 mi
		2019	15,500	0.54 mi

Listing Broker

William Wamble

SRS National Net Lease Group

Contact

186 Listings
20935 Views
49 Sold

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
27357 Views
93 Sold

William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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