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24945487
24945486

118 Steven B Tanger Blvd, Commerce, GA 30529

CN
CA 02120126
Matthews
Listed by Matthews
$1,906,941
27 days on market
Updated 27 days ago

Sonic

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,725
Cap Rate 8.00%
NOI $152,555
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic
Lease Type NNN
Lease Expiration 09/27/2031
Rent Bumps Yes
Lease Options Two, 5-Year Options
Year Built 2004
Year Renovated 2015
Acreage 0.980
Ground Lease No

ABSOLUTE NNN LEASE | STRONG BRAND RECOGNITION

Investment highlights

  • ABSOLUTE NNN LEASE – This lease provides zero landlord responsibilities, providing an investor with 100% passive income.

  • STRONG BRAND RECOGNITION – With ±3,500 locations across 47 states and U.S. territories, an investor would benefit from Sonic’s national customer base, marketing, and advertising campaigns leading to increased performance.

  • GROVE CREEK DEVELOPMENT – Recently proposed development project entails nearly 1,200 residential units and almost 340,000 square feet of commercial space. This large-scale new submarket will combine housing and retail uses to create a surplus of new residents, which establishes a built-in demand for retail services.

  • RECENT INDUSTRIAL DEVELOPMENT – Recently, PepsiCo opened a 172,000 square foot distribution/warehouse center in Commerce, GA. Due to their rapid growth, PepsiCo is expanding their Commerce footprint and moving into another 200,000 square foot building which will help drive up local property values and establish top-tier industrial grade infrastructure.

  • HIGHLY TRAFFICKED LOCATION – The Sonic property is located near the on/off ramp to the I-85 highway, which sees a daily traffic count of ±62,000 vehicles per day. The stronger traffic counts creates greater access and higher visibility from thousands of potential customers, in a way to push the performance of the subject property.

Listing Contacts

CN
CA 02120126
Matthews
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$152,555.00
$12,712.92/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

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Additional Information

Name
Maxx Bauman
License
80041 (GA)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
866.889.0550
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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