Sonic
Retail | 6.20% CAP | 1,571 SqFt
Marketing description
SURMOUNT is pleased to present the exclusive listing for a Sonic located at 3601 Court Street, Pekin, IL 61554. The site consists of roughly 1,571 rentable square feet of building space on an estimated 1.12-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 $121,800 and has scheduled increases of 1.50% annually.
Investment highlights
Very Profitable Store | Contact agent for more information regarding sales figures and operational strength.
4 Way Intersection Next to Major Retail Anchors | Property benefits from being across the street from Walmart and directly next to Menards.
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 LLC, a 15-unit Sonic operator and subsidiary of Guernsey Sonic, a seasoned multi-unit franchisee with over 125 units across its portfolio.
Strong Franchisee Guarantee | Backed by Guernsey Holdings LLC, 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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