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| Price $2,620,000 | Built/Renov 2007 | Tenant Sonic Drive-In |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp Rated |
| Size/SF
1,225
| Lease Start
08-01-2009
| #Units
3,514
|
| Price/SF $2,138.78 | Expiration
01-15-2033
| Tenant Type Fast Casual/Rest. |
| NOI $157,170 | R. Term 7.30 | Ownership Fee Simple |
| Rent/SF
$128.30
| Increases 7.0%/0/yrs | Pop 5Mi 18,239 |
| Lot/AC 0.99 | Options 2/5yrs/7% | AHHI 5Mi $88,886 |
| | |
Established Sonic Drive-In operating at this location since 2009
Absolute NNN lease with tenant responsible for all expenses
23 year lease term running through January 2033
Current annual rent $157,170 including base and percentage rent
Two 5 year renewal options available beyond primary term
1,225 SF building on 0.99 acre lot with drive-in layout
Positioned along Highway 46 near I-40 with 66,000+ combined vehicles daily
Five mile trade area population 18,239 with average household income $88,886
Sonic is strategically located along Highway 46 South in Dickson, Tennessee, with access to a daily traffic count of approximately 26,680 vehicles, and additional exposure to 39,464 vehicles on nearby Interstate 40. The site is surrounded by major national retailers including Walmart Supercenter, Kroger, Lowe’s, etc., driving consistent consumer traffic to the area. The property is located...
...In location for years
Major thoroughfare
Near major nationals
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
100+ unit franchisee backed
Top franchise operator
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...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
