commercial real estate property for sale popeyes tyler texas nnn sale-leaseback the ben-moshe brothers of marcus and millichap

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

place 354 East Meighan Blvd Gadsden Alabama 35903

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EXECUTIVE SUMMARY

LIST PRICE $1,864,811
Net Operating Income $107,226
CAP RATE 5.75%
AVERAGE 15-YEAR CAP RATE 6.34%
INCREASES 10% Every 5 Years
LEASE TERM 15 Years
OPTIONS Four 5-Year Options
LOT SIZE 57,305 (1.32 ACRES)
TYPE OF OWNERSHIP Fee Simple
GUARANTY Franchisee
TRAFFIC COUNTS Over 35,000 cars per day

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
    Completely Remodeled
    Experienced Franchisee With Strong Net Worth
    Signalized Intersection
    Large 1.32 Acre Lot
    Over 35,000 Vehicles Per Day
    Directly Outside Walmart Anchored Center
    Within Walking Distance To Goodyear Tire Factory
    Caters To Gadsden State Community College (6,000 Students)
    Convenient Ingress And Egress
    Single-tenant Net-leased Asset

Exclusive Listing


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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