Sonny's BBQ

7423 South Orange Blossom Trail, Orlando, FL 32809

$3,231,000

Cap Rate 6.00%

Views: 102 Updated: 10.23.23 Posted: 09.13.23 Status: Inactive

Summary

Price $3,231,000	Built/Renov 1997/2016	Tenant Sonny's BBQ
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,877	Lease Start 12-28-2016	#Units 96
Price/SF $549.77	Expiration 12-31-2031	Tenant Type Casual Dining
NOI $193,850	R. Term 7.3	Ownership Fee Simple
Rent/SF $32.98	Increases 1.5%/1/yrs	Pop 5Mi 206,405
Lot/AC 1.36	Options 4/5yrs/1.5%	AHHI 5Mi $79,757

Lease Highlights

Sonny’s BBQ currently has 8+ years remaining on the current lease term with 4 (5-year) options to extend
Lease features 1.50% annual rental increases
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Sonny's BBQ
Income tax free state

Location Description

Sonny’s BBQ is strategically located along South Orange Blossom Trail (US Hwy 441 & 17) with access to 53,000 vehicles per day. The property is adjacent to The Florida Mall, central Florida’s largest shopping center, spanning 1.8M SF with a staggering 250 stores and over 20 million visitors annually. Neighboring national/credit tenants include 7-Eleven, Wawa, Family Dollar, Walmart...

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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 :	8,743	87,424	211,494
2023 Total Population :	8,940	84,301	206,405
2023 Employed Civilian Pop :	4,231	44,592	111,932
2023 Total Businesses :	1,409	7,047	16,361
2023 Average Household Income :	$ 79,740	$ 67,268	$ 79,757
2023 Total Consumer Spending :	$ 197 M	$ 1788 M	$ 5375 M
2023 Median Age :	35	33	36
2023 Total Households :	2,828	30,199	76,958
2023 Pop Age 25+: Bachelor's Degree :	889	8,483	28,453
2023 Average Home Value :	$ 322,698	$ 354,932	$ 372,586

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Orange Blossom Trl	Southland Blvd	2009	53,313	0.18 mi
South Orange Blossom Trail	W Holden Ave	2021	42,000	0.25 mi
S Orange Blossom Trl	Orlando Central Pkwy	2018	51,500	0.36 mi
Orlando Central Parkway	Monetary Dr	2021	4,000	0.40 mi
Orlando Central Pkwy	S Orange Blossom Trl	2012	3,800	0.41 mi
S Orange Blossom Trl	Sand Lake Rd	2012	54,500	0.43 mi
Premier Row	Dividend Dr	2021	5,700	0.47 mi
Sand Lake Rd	Skyview Dr	2010	39,500	0.52 mi
S Orange Blossom Trl	W Lancaster Rd	2010	50,000	0.64 mi
Sand Lake Rd	Lillwill Ave	2012	40,782	0.66 mi

Listing Broker

William Wamble

SRS National Net Lease Group

Contact

175 Listings
15921 Views
40 Sold

Patrick Nutt

SRS National Net Lease Group

Contact

251 Listings
21206 Views
83 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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