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| Price $1,617,000 | Tenant Sonic Drive-In | |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Corp Rated |
| Size/SF
1,273
| Lease Start
08-01-2009
| #Units
3,514
|
| Price/SF $1,270.23 | Expiration
01-15-2033
| Tenant Type Fast Casual/Rest. |
| NOI $105,134 | R. Term 7.3 | Ownership Fee Simple |
| Rent/SF
$82.59
| Increases 7.0%/0/yrs | Pop 5Mi 4,574 |
| Lot/AC 1.00 | Options 2/5yrs | AHHI 5Mi $69,720 |
| | |
Established Sonic Drive-In operating since 2009 with long-term tenancy
Absolute NNN lease with tenant responsible for all property expenses
23 year lease term running through January 2033
Current NOI $105,134 including base rent and percentage rent from sales
Two 5 year renewal options available beyond primary lease term
1,273 SF building situated on a 1 acre parcel
Located along Dexter L Woods Memorial Blvd with 9,980 vehicles per day
Five mile trade area population 4,574 with average household income $69,720
Sonic is strategically located along Dexter L. Woods Memorial Blvd in Waynesboro, Tennessee, with access to a daily traffic count of approximately 9,980 vehicles. The site is surrounded by major national retailers including Walmart, McDonald’s, Taco Bell, Dollar General, and CVS, driving consistent consumer traffic to the area. The property is located near several schools, residential...
...In location for years
Major thoroughfare
Near major nationals
Highway location
Strong tenant synergy
Income tax free state
Long operation history
Absolute NNN
Over 2000 units backed
100+ 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,463 | 3,573 | 4,521 |
| 2023 Total Population : | 1,478 | 3,611 | 4,576 |
| 2023 Employed Civilian Pop : | 588 | 1,441 | 1,850 |
| 2023 Total Businesses : | 165 | 212 | 227 |
| 2023 Average Household Income : | $ 80,335 | $ 80,300 | $ 77,508 |
| 2023 Total Consumer Spending : | $ 39 M | $ 107 M | $ 133 M |
| 2023 Median Age : | 43 | 43 | 44 |
| 2023 Total Households : | 551 | 1,484 | 1,911 |
| 2023 Pop Age 25+: Bachelor's Degree : | 177 | 404 | 467 |
| 2023 Average Home Value : | $ 218,810 | $ 218,364 | $ 216,775 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Dexter L Woods Memorial Blvd | Brewer Dr | 2003 | 9,980 | 0.18 mi |
| Waynesboro Hwy | 2022 | 4,773 | 0.24 mi | |
| Thompson St | N High St | 2003 | 2,650 | 0.30 mi |
| Hill Street | Hill St | 2022 | 8,313 | 0.34 mi |
| North High Street | W Public Sq | 2022 | 1,975 | 0.36 mi |
| North Main Street | Hill St | 2022 | 5,493 | 0.37 mi |
| West Public Square | State Hwy13 | 2022 | 7,412 | 0.39 mi |
| Waynesboro Highway | Elgie Dugger Ln | 2022 | 2,068 | 0.39 mi |
| TN 13 | Hwy 64 | 2021 | 2,274 | 0.39 mi |
| Hollis St | W Public Sq | 2003 | 6,430 | 0.40 mi |
North Platte, NE
Cap Rate 7.00%
Lease Abs NNN
R. Term 24.50 yrs
Size/SF 1,540
Houston, TX
Cap Rate 5.50%
Lease Abs NNN
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Size/SF 1,215
Pasadena, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,144
Jeffersonville, IN
Cap Rate 5.75%
Lease NN+
R. Term 9.10 yrs
Size/SF 510
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
