Sonic
Drive-Thru | 7.00% CAP Rate
Marketing description
Sonic Drive-In is on a one-acre site located on Dexter L Woods Memorial Boulevard (9,980 AADT) at the busy intersection of U.S. Highway 64, just half mile from the downtown Court Square. The average household income is over $60,000 within a one-mile radius.
Adjacent to the site is Wayne Medical Center, part of Maury Regional Health. It is a 25-bed community hospital offering a range of comprehensive inpatient and outpatient services as well as a 24-hour emergency department. Additional nearby retailers include McDonald’s, Piggly Wiggly, Tractor Supply, O’Reilly Auto Parts, and Dollar General. Other businesses in Waynesboro include Ace Hardware, FedEx, H&R Block, Subway, and U-Haul.
Waynesboro, Tennessee is just 85 miles from Nashville and is the county seat of Wayne County. Wayne County lies on the southwestern edge of Middle Tennessee, with the Natchez Trace Parkway, Buffalo River, and Tennessee River as prominent features. Tennessee State Hwy 13 and Scenic Highway 64 meet at Waynesboro Court Square. The city of Waynesboro offers its own unique lifestyle, offering boundless opportunities for outdoor adventure, including fishing, hunting, boating and golfing. Regional and international airports include Northwest Alabama Regional Airport, 40 miles south, and Nashville International Airport, two hours northeast.
Several national corporations have chosen Wayne County, in the heart of Tennessee’s forest country, as the location for their lumber, woodwork and agribusiness operations. Other major industry sectors include automotive, textiles, manufacturing, and distilling-related businesses. Brown-Forman Corporation, one of the largest American-owned wine and spirits businesses, sells its brands in more than 160 countries and makes its own oak barrels. 4 Mac Machine provides services to big brands such as Nissan, Goodrich, Kohler and Delta. Hassell & Hughes Lumber is the largest locally owned and operated lumber company in Wayne County.
In association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed Tennessee Broker #264531
Investment highlights
Absolute NNN Leases to Established Sonic Franchisee with Approximately 10 Years Remaining
Strong Store Sales with Percentage Rent Included – Low Rent to Sales Ratios
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
No State Income Tax in Tennessee
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