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Sonny's BBQ
7055 South Semoran Boulevard, Orlando, FL 32822
$3,638,000
Cap Rate 6.00%
Summary
| Price $3,638,000 | Built/Renov 1998/2016 | Tenant Sonny's BBQ |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
6,532
| Lease Start
12-28-2016
| #Units
96
|
| Price/SF $556.95 | Expiration
12-31-2031
| Tenant Type Casual Dining |
| NOI $218,265 | R. Term 8.0 | Ownership Fee Simple |
| Rent/SF
$33.41
| Increases 1.5%/1/yrs | Pop 5Mi 187,041 |
| Lot/AC 1.59 | Options 4/5yrs/1.5% | AHHI 5Mi $89,013 |
| | |
Lease Highlights
- The tenant has 8+ years remaining on their original 15-year lease with 4 (5-year) options to extend
- Lease features 1.50% annual rental increases
- Absolute NNN lease | Zero landlord responsibilities
- Corporate guaranteed lease
- Income tax free state
Location Description
Sonny BBQ is strategically fronting S. Semoran Blvd, a major North/South corridor that serves East Orlando and sees an average of 71,000 vehicles passing by daily. Notably, S. Semoran Blvd, also known as State Hwy 436, serves as the primary entrance to Orlando International Airport. The immediate vicinity of the subject property is enriched by the presence of more than 20 hotels within the...
...Features
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High traffic 50M+ VPD
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Dense retail corridor
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Near major nationals
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Highway location
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Top 100 MSA
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Strong demographics
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Income tax free state
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Absolute NNN
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Annual rent increases
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Corporate Guarantee
...
Maps
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...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,549 | 61,014 | 187,975 |
| 2023 Total Population : | 5,496 | 59,102 | 187,041 |
| 2023 Employed Civilian Pop : | 3,424 | 31,734 | 101,942 |
| 2023 Total Businesses : | 335 | 2,647 | 6,610 |
| 2023 Average Household Income : | $ 62,634 | $ 81,902 | $ 89,013 |
| 2023 Total Consumer Spending : | $ 126 M | $ 1625 M | $ 5582 M |
| 2023 Median Age : | 30 | 37 | 38 |
| 2023 Total Households : | 2,255 | 22,680 | 72,060 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,016 | 9,189 | 31,594 |
| 2023 Average Home Value : | $ 255,570 | $ 323,016 | $ 362,389 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Hazeltine National Dr | Mill Cove Ln | 2012 | 1,500 | 0.12 mi |
| Hazeltine National Drive | Mill Cove Ln | 2021 | 1,450 | 0.12 mi |
| S Semoran Blvd | Butler National Dr | 2007 | 55,411 | 0.29 mi |
| S Semoran Blvd | N Frontage Rd | 2012 | 53,000 | 0.34 mi |
| Semoran Boulevard | Frontage Rd | 2021 | 70,500 | 0.40 mi |
| Frontage Rd | N Frontage Rd | 2003 | 22,233 | 0.47 mi |
| SR 436 N/B | Beeline Expy | 2021 | 32,500 | 0.50 mi |
| Lee Vista Blvd | Perfect Dr | 2002 | 7,731 | 0.52 mi |
| S Semoran Blvd | Beeline Ex Off Ramp | 2000 | 41,000 | 0.53 mi |
| 2019 | 15,500 | 0.54 mi |
