Price $1,886,457 | Built/Renov 2008 | Tenant Sonic (GL) |
Cap Rate 6.35% | Lease Type
Abs NNN | Guarantor Corp Rated |
Size/SF
2,450
| Lease Start
03-21-2008
| #Units
3,551
|
Price/SF $769.98 | Expiration
03-20-2028
| Tenant Type Fast Casual/Rest. |
NOI $119,790 | R. Term 4.3 | Ownership Ground Lease |
Rent/SF
$48.89
| Increases 10.0%/5/yrs | Pop 5Mi 241,509 |
Lot/AC 1.19 | Options 2/5yrs/10% | AHHI 5Mi $108,938 |
| |
Sonic is strategically located along West John Carpenter Freeway with access to over 131,460 vehicles per day. The subject is strategically placed near a large concentration of office properties that feed the area’s daytime population. Some of which include US Bank, CVS Caremark Corporate, Gainwell Technologies, and Boy Scouts of America. Additionally, the property is less than 5 minutes north...
...In location for years
High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Long operation history
Absolute NNN
Corporate Guarantee
Credit rated company
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 | |
2028 Total Population : | 11,096 | 114,740 | 245,417 |
2023 Total Population : | 11,149 | 112,001 | 241,509 |
2023 Employed Civilian Pop : | 6,315 | 70,207 | 143,235 |
2023 Total Businesses : | 1,082 | 5,721 | 15,458 |
2023 Average Household Income : | $ 116,884 | $ 122,210 | $ 108,938 |
2023 Total Consumer Spending : | $ 462 M | $ 5101 M | $ 8965 M |
2023 Median Age : | 31 | 34 | 34 |
2023 Total Households : | 4,580 | 48,186 | 94,531 |
2023 Pop Age 25+: Bachelor's Degree : | 3,298 | 29,415 | 49,546 |
2023 Average Home Value : | $ 540,598 | $ 430,757 | $ 365,223 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
W Johnson W Carpenter Fwy | N Macarthur Blvd | 2004 | 2,914 | 0.08 mi |
W John Carpenter Fwy | N Macarthur Blvd | 2004 | 2,722 | 0.13 mi |
W Johnson W Carpenter Fwy | W Walnut Hill Ln | 2009 | 120,810 | 0.15 mi |
N Macarthur Blvd | W Walnut Hill Ln | 2011 | 52,000 | 0.20 mi |
W Walnut Hill Ln | White Hall St | 2011 | 12,700 | 0.23 mi |
N Macarthur Blvd | Oxbow Dr | 2010 | 33,500 | 0.32 mi |
N Macarthur Blvd | W John Carpenter Fwy | 2011 | 49,000 | 0.33 mi |
W Walnut Hill Ln | Executive Dr | 2005 | 14,775 | 0.34 mi |
Love Dr | W Walnut Hill Ln | 2009 | 9,940 | 0.36 mi |
SH 114 TEXpress | Hwy 161 Svc Rd | 2021 | 96,232 | 0.36 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]