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| Price $1,961,333 | Built/Renov 2006 | Tenant Sonic Drive-In |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
1,522
| Lease Start
12-03-2021
| #Units
54
|
| Price/SF $1,288.66 | Expiration
12-31-2036
| Tenant Type Fast Casual/Rest. |
| NOI $117,680 | R. Term 12.1 | Ownership Fee Simple |
| Rent/SF
$77.32
| Increases 10.0%/5/yrs | Pop 5Mi 10,703 |
| Lot/AC 0.56 | Options 3/5yrs/10% | AHHI 5Mi $95,035 |
| | |
Sonic Drive-In is strategically located on North Brooks Street/Highway 36, a major north-south artery and retail corridor with access to 16,389 vehicles passing by daily. The property is surrounded by well-known national tenants, including Buc-ee’s, USPS, Domino’s Pizza, Subway, O’Reilly Auto Parts, McCoy’s, and more. The 5-mile trade area supports a population of 10,703 residents with average...
...Near major nationals
Strategically located
Highway location
Top 100 MSA
Affluent suburb location
Income tax free state
Strong sales history
Absolute NNN
Long 10+ yr lease
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 : | 2,110 | 5,640 | 11,539 |
| 2024 Total Population : | 2,101 | 5,550 | 11,362 |
| 2024 Employed Civilian Pop : | 743 | 2,179 | 3,945 |
| 2024 Total Businesses : | 148 | 230 | 300 |
| 2024 Average Household Income : | $ 77,614 | $ 91,176 | $ 101,271 |
| 2024 Total Consumer Spending : | $ 58 M | $ 174 M | $ 369 M |
| 2024 Median Age : | 40 | 42 | 41 |
| 2024 Total Households : | 837 | 2,149 | 4,126 |
| 2024 Pop Age 25+: Bachelor's Degree : | 118 | 464 | 1,107 |
| 2024 Average Home Value : | $ 222,712 | $ 281,351 | $ 313,731 |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
