Sold Subscription Required
| Price $2,320,000 | Built/Renov 2010 | Tenant Sonic Drive-In |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
1,509
| Lease Start
07-01-2024
| #Units
41
|
| Price/SF $1,537.44 | Expiration
07-01-2034
| Tenant Type Fast Casual/Rest. |
| NOI $145,000 | R. Term 9.9 | Ownership Fee Simple |
| Rent/SF
$96.09
| Increases 10.0%/5/yrs | Pop 5Mi 149,476 |
| Lot/AC 0.75 | Options 4/5yrs/10% | AHHI 5Mi $118,955 |
| | |
Sonic Drive-In is strategically located on TPC Parkway, with access to 16,049 vehicles passing by daily. The property is situated across the street from Johnson High School, which has an enrollment of 3,210 students, and benefits from limited fast food competition. The immediate area is surrounded by well-known national tenants, including Target, Sam's Club, Hobby Lobby, HomeGoods, Sprouts...
...Build to suit
In location for years
Near major nationals
Strong tenant synergy
Top 100 MSA
Strong demographics
Income tax free state
Brand new lease
Absolute NNN
25+ 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...
Dayton, OH
Cap Rate 5.50%
Lease NN+
R. Term 13.90 yrs
Size/SF 2,325
Dixon, IL
Cap Rate 5.70%
Lease NN+
R. Term 13.80 yrs
Size/SF 2,350
Monroe, NC
Cap Rate 5.65%
Lease Double NN
R. Term 13.60 yrs
Size/SF 2,700
Roanoke Rapids, NC
Cap Rate 7.00%
Lease Abs NNN
R. Term 17.20 yrs
Size/SF 2,405
Columbus, NE
Cap Rate 7.00%
Lease Abs NNN
R. Term 24.50 yrs
Size/SF 6,860
Kerrville, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 3,027
Appleton, WI
Cap Rate 6.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 3,042
Fayetteville, GA
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 1,200
San Antonio, TX
Cap Rate 6.25%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 1,650
Albuquerque, NM
Cap Rate 6.35%
Lease Abs NNN
R. Term 5.40 yrs
Size/SF 3,264
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
