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| Price $950,000 | Built/Renov 1994 | Tenant Sonic |
| Cap Rate 5.15% | Lease Type
Abs NNN | Guarantor Corp Rated |
| Size/SF
1,376
| Lease Start
01-28-1994
| #Units
3,514
|
| Price/SF $690.41 | Expiration
07-10-2029
| Tenant Type Fast Casual/Rest. |
| NOI $48,893 | R. Term 3.90 | Ownership Fee Simple |
| Rent/SF
$35.53
| Increases 0.0%/0/yrs | Pop 5Mi 131,768 |
| Lot/AC 0.65 | Options 0/0yrs | AHHI 5Mi $75,689 |
| | |
Sonic operating at this location for about 30 years
Absolute NNN lease with tenant responsible for roof and structure
Lease runs through July 2029 with 3.8 years remaining
No renewal options remaining on current lease
Annual rent $48,893 significantly below market rate
1,376 SF building on 0.65 acre lot
Strong traffic count of 27,500 vehicles daily on N 9th Ave
Surrounded by major national retailers and Pensacola State College nearby
Sonic is strategically located along N 9th Ave in Pensacola, FL, with access to a daily traffic count of approximately 27,500 vehicles. The site is surrounded by major national retailers including Taco Bell, Wendy’s, Ulta Beauty, Sam’s Club, Lowe’s, Starbucks, Whataburger, Total Wine, and Five Guys, driving consistent consumer traffic to the area. The property is located near several schools,...
...In location for years
Major thoroughfare
Near major nationals
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
Over 2000 units backed
Corporate Guarantee
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...
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
