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| Price $1,874,000 | Built/Renov 2005 | Tenant Sonic Drive-In |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Corp Rated |
| Size/SF
1,490
| Lease Start
08-01-2009
| #Units
3,514
|
| Price/SF $1,257.72 | Expiration
01-15-2033
| Tenant Type Fast Casual/Rest. |
| NOI $121,818 | R. Term 7.3 | Ownership Fee Simple |
| Rent/SF
$81.76
| Increases 7.0%/0/yrs | Pop 5Mi 22,416 |
| Lot/AC 1.60 | Options 2/5yrs | AHHI 5Mi $108,681 |
| | |
Established Sonic Drive-In operating since 2009 under Absolute NNN lease
23 year lease term extending through January 2033 with tenant responsibility
Current NOI $121,818 including base rent and percentage rent from sales
Two 5 year renewal options available beyond primary lease term
1,490 SF building on oversized 1.6 acre parcel with drive-in layout
Positioned on U.S. Highway 231/431 with 27,408 vehicles per day
Surrounded by Walmart Lowe’s Walgreens McDonald’s CVS Dollar General and Taco Bell
Five mile trade area population 22,416 with average household income $108,681
Sonic is strategically located along U.S. Highway 231/431 in Hazel Green, Alabama, with access to a daily traffic count of approximately 27,408 vehicles. The site is surrounded by major national retailers including Walmart Supercenter, Lowe’s, Walgreens, McDonald’s, CVS, Dollar General, and Taco Bell, driving consistent consumer traffic to the area. The property is located near several...
...Oversized lot
In location for years
Major thoroughfare
Near major nationals
Top 100 MSA
Strong demographics
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...
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| US Hwy 231 | Kristen Ln | 2017 | 22,380 | 0.54 mi |
| Beechwood Street | W Limestone Rd | 2014 | 3,500 | 0.80 mi |
| West Limestone Road | Beechwood St | 2021 | 3,120 | 0.82 mi |
| West Limestone Road | Charles Dr | 2020 | 3,120 | 0.82 mi |
| US 231;US 431 | Grimwood Rd | 2020 | 26,721 | 1.00 mi |
| US 231;US 431 | Grimwood Rd | 2021 | 26,721 | 1.00 mi |
| US Hwy 231 | Kinnard Mill Rd | 2019 | 27,408 | 1.04 mi |
| Joe Quick Road | Gerald Dr | 2021 | 3,715 | 1.52 mi |
| Old Highway | Bobo Section Rd | 2014 | 1,530 | 2.07 mi |
| Grimwood Road | Hwy 231 | 2021 | 2,801 | 2.50 mi |
Hazel Green, AL
Cap Rate 6.00%
Lease Abs NNN
R. Term 8.30 yrs
Size/SF 1,490
Muskegon, MI
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Huntley, IL
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Texas City, TX
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Brazoria, TX
Cap Rate 6.00%
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Pasadena, TX
Cap Rate 5.50%
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Size/SF 1,144
Jeffersonville, IN
Cap Rate 5.75%
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Size/SF 510
Crestwood, IL
Cap Rate 5.75%
Lease NN+
R. Term 10.90 yrs
Size/SF 2,370
Waynesboro, TN
Cap Rate 6.00%
Lease Abs NNN
R. Term 8.30 yrs
Size/SF 1,273
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
