Listed by SRS Real Estate Partners Corporate Headquarters
$1,100,000
Sonic
Details
APN 038KD011
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,244
Cap Rate 5.2%
NOI $57,233
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 03/31/2032
Remaining Term 5.7
Rent Bumps Yes
Lease Options 1 (10-Year)
Price per SqFt $884
Year Built 1988
Buildings 1
Stories 1
Acreage 0.500
Zoning C-G: General Commercial
Parking Spaces 34 spaces
Parking per 1,000 SqFt 27.33
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/15/2012
Ground Lease No
Retail | 5.20% CAP | 1,244 SqFt
Investment highlights
- 6+ Years Remaining | Low Rent | Scheduled Rental Increases | Established Tenant
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
- Strategically Located Along Maynardville Pike | Excellent Visibility| Drive-Thru Equipped
- Strong Demographics in 5-Mile Trade Area | Direct Consumer Base
Listing Contacts
Listed by SRS Real Estate Partners Corporate Headquarters
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,233.00
$4,769.42/mo
Valuation Metrics
0
DSCR
5.2%
Cap Rate
5.2%
ROI
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