single tenant net leased nnn QSR for sale Sonic North Albertville Alabama Marcus & Millichap commercial real estate

Sonic Drive-In 15-Year Absolute Triple-Net (NNN)

place 8269 US Highway 431, North Albertville, Alabama

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EXECUTIVE SUMMARY

LIST PRICE $1,200,000
Net Operating Income $72,000
CAP RATE 6.00%
INCREASES 10% Every 5 Years
LEASE TERM 15 Years
OPTIONS Four 5-Year Options
LOT SIZE 32,923 (0.76 ACRES)
TYPE OF OWNERSHIP Fee Simple
GUARANTY Franchisee

INVESTMENT DESCRIPTION

The Ben-Moshe Brothers of Marcus & Millichap are pleased to offer this Sonic Drive In property paired with an absolute net 15-Year lease with zero landlord responsibilities. Sonic Drive-In, more commonly known as Sonic, is an American drive-in fast-food restaurant chain based in Oklahoma City, Oklahoma. As of August 31, 2016, 3,557 restaurants were in 45 U.S. states. In 2011, it was ranked 10th in QSR Magazine's rankings of the top 50 quick-service and fast-casual restaurant brands in the nation. Known for its use of carhops on roller skates, the company annually hosts a competition to determine the top skating carhop in its system. It also hosts, with Dr Pepper, an internal competition between drive-in employees.

INVESTMENT HIGHLIGHTS

    Brand New 15-Year Lease
    Absolute Triple-Net
    Zero Landlord Responsibilities
    10% Increases Every 5 Years
    Completely Remodeled
    Experienced Franchisee
    64-Unit Guaranty
    Population Increased By Over 22% Since 2000
    Number Of Households Has Increased Over 16% Since 2000
    Approximately $50,000 In Household Income
    Located On U.S Highway 431 North
    Convenient Ingress And Egress
    Single-Tenant Net-leased Asset

Exclusive Listing


the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Roee Ben-Moshe
  786-522-7083
  404-683-8383
  Email

the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Leeor Ben-Moshe
  786-522-7059
  404-307-7515
  Email

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