Sonic
Absolute NNN Lease to Established Sonic Franchisee | Drive-Thru | 6.50% CAP
Marketing description
Sonic is strategically located with frontage on U.S. Highway 231/431 (27,408 AADT). The total daytime population is 19,967 and the average household income is $80,900 within 5 miles.
Hazel Green High School, Hazel Green Elementary school, and two child care/development centers are all within a half mile. Other restaurants and retailers in the vicinity include Walmart Supercenter, Walgreens, O’Reilly Auto Parts, Foodland, Subway, Burger King, Zaxby’s, Taco Bell, Arby’s, AT&T, Verizon, and more. The new Townsend Place development is currently under construction less than half a mile north of the property. Townsend Place includes 325 acres of new single family homes and over 44 acres of commercial development along U.S. Highway 231/431.
Hazel Green is an unincorporated community on the northern side of Madison County, Alabama, just below the Tennessee line and is included in the Huntsville-Decatur Combined Statistical Area.
As of the 2010 census, the population of the Hazel Green community was 3,630 and has grown 7.5% to 3,901 in 2022, and yet the Huntsville Metropolitan Area’s population of 648,217 makes it the 2nd-largest metropolitan area in Alabama. The total GDP for the Huntsville MSA is $30,867.880M.
Huntsville is an up-and-coming research, technology, and high-tech manufacturing center in north Alabama. It is known as the “Space Capital of America.” U.S. News & World Report named Huntsville the #3 Best Place to Live in the country. Forbes has named Huntsville one of the Top 20 Leading Metros for Business and Kiplinger’s Personal Finance has named Huntsville one of the country’s Top 10 Cities for Raising Families.
This property is listed in conjunction with Alabama-licensed real estate broker Thomas Newton.
Investment highlights
Absolute NNN Lease to Established Sonic Franchisee with Approximately 10 Years Remaining
Strong Store Sales with Percentage Rent Included – Rent-to-Sales Ratio of 6.56%
Personal Guaranty from Experienced Operator with 32 Units
Sonic is the Largest Drive-In Restaurant Brand in the U.S. with Over 3,500 Locations in 45 States
Strong Location in Huntsville Suburb – Growing Market
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