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| Price $1,772,727 | Built/Renov 1991 | Tenant Sonic Drive-In |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
1,144
| Lease Start
12-01-2024
| #Units
54
|
| Price/SF $1,549.59 | Expiration
12-31-2039
| Tenant Type Fast Casual/Rest. |
| NOI $97,500 | R. Term 15.0 | Ownership Fee Simple |
| Rent/SF
$85.23
| Increases 10.0%/5/yrs | Pop 5Mi 285,537 |
| Lot/AC 0.59 | Options 4/5yrs/10% | AHHI 5Mi $77,478 |
| | |
Sonic Drive-In is strategically located on Fairmont Parkway, with access to 44,108 vehicles passing by daily. The property is adjacent to well-known national tenants, including Walmart Supercenter, Target, Academy, Office Depot, and Lowe's Home Improvement. The 5-mile trade area supports a population of 285,537 residents with an average household income of $77,478. Pasadena, Texas, located in...
...Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Store sales reported
Absolute NNN
50+ unit franchisee backed
Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 10,200 | 94,674 | 286,411 |
| 2024 Total Population : | 10,427 | 95,212 | 287,459 |
| 2024 Employed Civilian Pop : | 5,604 | 45,563 | 136,234 |
| 2024 Total Businesses : | 662 | 3,390 | 8,975 |
| 2024 Average Household Income : | $ 105,996 | $ 88,003 | $ 94,129 |
| 2024 Total Consumer Spending : | $ 369 M | $ 2613 M | $ 8202 M |
| 2024 Median Age : | 37 | 35 | 35 |
| 2024 Total Households : | 3,934 | 33,232 | 97,694 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,166 | 8,222 | 27,181 |
| 2024 Average Home Value : | $ 304,136 | $ 256,871 | $ 278,187 |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
