Ben-Moshe Brothers 15-Year NNN Sonic Drive-In Gadsden Alabama

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.