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| Price $1,442,283 | Built/Renov 2009 | Tenant Sonic Drive-In |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
1,781
| Lease Start
12-03-2021
| #Units
54
|
| Price/SF $809.82 | Expiration
12-31-2036
| Tenant Type Fast Casual/Rest. |
| NOI $86,537 | R. Term 12.1 | Ownership Fee Simple |
| Rent/SF
$48.59
| Increases 10.0%/5/yrs | Pop 5Mi 9,965 |
| Lot/AC 0.91 | Options 3/5yrs/10% | AHHI 5Mi $88,787 |
| | |
Sonic Drive-In is strategically located on South Columbia Drive, with access to 8,862 vehicles passing by daily. The property is adjacent to Columbia High School, which serves over 1,000 students and staff. The immediate area features well-known national tenants, including CVS, HEB, Walgreens, Wells Fargo, Jack in the Box, McDonald's, and more. The 5-mile trade area supports a population of...
...Build to suit
Near major nationals
Strategically located
Top 100 MSA
Income tax free state
Strong sales history
Absolute NNN
Long 10+ yr lease
Limited competition
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 : | 2,510 | 8,043 | 11,641 |
| 2024 Total Population : | 2,459 | 7,689 | 11,148 |
| 2024 Employed Civilian Pop : | 1,181 | 3,045 | 4,387 |
| 2024 Total Businesses : | 167 | 213 | 264 |
| 2024 Average Household Income : | $ 83,882 | $ 101,166 | $ 104,136 |
| 2024 Total Consumer Spending : | $ 74 M | $ 264 M | $ 394 M |
| 2024 Median Age : | 40 | 40 | 42 |
| 2024 Total Households : | 998 | 2,989 | 4,317 |
| 2024 Pop Age 25+: Bachelor's Degree : | 304 | 755 | 1,089 |
| 2024 Average Home Value : | $ 275,886 | $ 331,843 | $ 346,329 |
Buffalo, MN
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 2,076
Houston, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,215
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
