Listed by SRS Real Estate Partners Corporate Headquarters, SRS Real Estate Partners New York
$3,162,000
Sonic | Easley, SC
Details
APN 5029-18-41-9500
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,557
Cap Rate 5.85%
NOI $185,000
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 4 (5-year)
Price per SqFt $2,031
Year Built 2002
Buildings 1
Stories 1
Acreage 1.510
Zoning GC - General Commercial
Parking Spaces 23 spaces
Parking Per SqFt 14.77
Investment Type Net Lease
Tenant Credit Franchisee
Ownership Fee Simple
20-Year SLB | Experienced Operator (200+ Units) | Scheduled Rental Increases
Investment highlights
- 20-year sale-leaseback with four (4) 5-year renewal options.10% rent increases every 5 years throughout the initial term and at the beginning of each option
- Lease guaranteed by SOAR QSR, a 195+ unit operator and the 3rd largest Sonic franchisee
- Top-performing location ranked in the 79th percentile nationwide and 84th percentile in South Carolina (per Placer.ai)
- Located on Calhoun Memorial Highway (U.S. Hwy 123) with high visibility and 35,000 VPD
- Positioned in a premier retail corridor between Centerpoint (1.6M annual visits) and Town’n Country (2.5M annual visits)
- Town’n Country is a top-tier Hobby Lobby-anchored center ranking 85th percentile nationwide and 93rd percentile of South Carolina neighborhood centers
- Nearby national anchors include Walmart Supercenter, Lowe’s, Big Lots, and more
- The 5-mile trade area is home to more than 56,000 residents and 15,300 employees, with an average household income of $88,461, underscoring the area’s strong demographic foundation
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
$185,000.00
$15,416.67/mo
Valuation Metrics
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DSCR
5.85%
Cap Rate
5.85%
ROI
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