Listed by SRS Real Estate Partners Corporate Headquarters, SRS Real Estate Partners New York
$1,917,000
Sonic | Vidalia, GA
Details
APN C27C-052
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,236
Units 1
Cap Rate 6%
NOI $115,000
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic
Lease Type Absolute NNN
Lease Term 20
Price per SqFt $1,551
Year Built 1992
Buildings 1
Stories 1
Acreage 0.460
Zoning Highway Oriented
Parking Spaces 24 spaces
Parking per 1,000 SqFt 19.42
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple
20-Year SLB | Experienced Operator (200+ Units) | Recent Remodel
Investment highlights
- 20-year sale-leaseback with 10% rent bumps and four (4) 5-year extension options
- Guaranteed by SOAR QSR, a leading 200+ unit Sonic franchisee
- Remodeled to Sonic's latest prototype
- This is the only Sonic location in Toombs County and within a 25-mile radius, ensuring a captive customer base
- High-visibility site on E. Lyons Highway (U.S. Hwy 280) seeing 19,200 VPD
- Two minutes from Brice Square (313K+ SF), a Big Lots-anchored center with 2.2M annual visits
- Located just minutes from Memorial Health Meadows Hospital, a critical regional acute-care facility
- National retail synergy with neighbors including Walmart Supercenter, Lowe’s, Starbucks, Food Lion, and more
- The trade area is supported by more than 19,500 residents and 11,400 employees with $74,012 average household income
Listing Contacts
Listed by SRS Real Estate Partners Corporate Headquarters, SRS Real Estate Partners New York
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$115,000.00
$9,583.33/mo
Valuation Metrics
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DSCR
6%
Cap Rate
6%
ROI
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