Sonic
Retail | 6.20% CAP | 1,616 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Sonic located at 4305 North Sterling Avenue, Peoria, IL 61615. The site consists of roughly 1,616 rentable square feet of building space on an estimated 0.63-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 12/18/2024. The current annual rent is $142,100 and has scheduled increases of 1.50% annually.
Investment highlights
Very Profitable Store | Contact agent for more information regarding sales figures and operational strength.
Proximity to Major Retail Anchors | Located down the street from Target, Lowe’s, and Best Buy and adjacent to Shoppes at Grand Prairie. This area serves as a major draw for residents from the entire metro region seeking dining, entertainment, and essential retail.
Long-Term Absolute NNN Lease with Increases | Newly executed 20-year lease beginning December 2024, featuring 1.50% annual rental increases and zero landlord responsibilities—offering long-term income stability and hedge against inflation.
Strong Franchisee Guarantee | Backed by Guernsey Holdings SDI IL, a 15-unit Sonic operator and subsidiary of Guernsey Sonic, a seasoned multi-unit franchisee with over 125 units across its portfolio.
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