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Views: 0 DOM: 90 Updated: 10.23.23 Posted: 09.13.23 Status: Active

Summary

Price $3,231,000
Built/Renov 1997/2016
Tenant Sonny's BBQ
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,877
Lease Start 12-28-2016
#Units 96
Price/SF $549.77
Expiration 12-31-2031
Tenant Type Casual Dining
NOI $193,850
R. Term 8.0
Ownership Fee Simple
Rent/SF $32.98
Increases 1.5%/1/yrs
Pop 5Mi 206,405
Lot/AC 1.36
Options 4/5yrs/1.5%
AHHI 5Mi $79,757

Lease Highlights

  • Sonny’s BBQ currently has 8+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 1.50% annual rental increases
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Sonny's BBQ
  • Income tax free state

Location Description

Sonny’s BBQ is strategically located along South Orange Blossom Trail (US Hwy 441 & 17) with access to 53,000 vehicles per day. The property is adjacent to The Florida Mall, central Florida’s largest shopping center, spanning 1.8M SF with a staggering 250 stores and over 20 million visitors annually. Neighboring national/credit tenants include 7-Eleven, Wawa, Family Dollar, Walmart...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,743 87,424 211,494
2023 Total Population : 8,940 84,301 206,405
2023 Employed Civilian Pop : 4,231 44,592 111,932
2023 Total Businesses : 1,409 7,047 16,361
2023 Average Household Income : $ 79,740 $ 67,268 $ 79,757
2023 Total Consumer Spending : $ 197 M $ 1788 M $ 5375 M
2023 Median Age : 35 33 36
2023 Total Households : 2,828 30,199 76,958
2023 Pop Age 25+: Bachelor's Degree : 889 8,483 28,453
2023 Average Home Value : $ 322,698 $ 354,932 $ 372,586
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Orange Blossom Trl Southland Blvd 2009 53,313 0.18 mi
South Orange Blossom Trail W Holden Ave 2021 42,000 0.25 mi
S Orange Blossom Trl Orlando Central Pkwy 2018 51,500 0.36 mi
Orlando Central Parkway Monetary Dr 2021 4,000 0.40 mi
Orlando Central Pkwy S Orange Blossom Trl 2012 3,800 0.41 mi
S Orange Blossom Trl Sand Lake Rd 2012 54,500 0.43 mi
Premier Row Dividend Dr 2021 5,700 0.47 mi
Sand Lake Rd Skyview Dr 2010 39,500 0.52 mi
S Orange Blossom Trl W Lancaster Rd 2010 50,000 0.64 mi
Sand Lake Rd Lillwill Ave 2012 40,782 0.66 mi

Listing Broker

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