Listed by Marcus & Millichap
$1,594,000
Sonic | Crystal River, FL
Details
APN 17E18S21 22210
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,544
Units 1
Cap Rate 6.00%
NOI $95,676
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic
Lease Expiration 01/31/2041
Remaining Term 15
Lease Options Two, 5-Year
Year Built 2008
Year Renovated 2021
Stories 1
Acreage 0.880
Tenant Credit Franchisee
Ground Lease No
New 15-Year Lease | Recently Renovated | Low Rent QSR
Investment highlights
Lease
- Fresh 15-year base term
- 2% annual rental increases
- NNN – No Landlord Responsibilities
- Two, 5- Year Options
- Blended CAP over base term – 6.92%
Low Rent QSR
- Tenant is paying $95,676 per year, significantly lower than the average rent for a QSR in Florida
Recent Renovation
- Store was completely renovated in 2021
- With both stalls and a drive thru, this Sonic Drive-In location is positioned to handle significant guest volume.
Crystal River, FL
- Located on a signalized intersection of US Hwy 19, which sees 22,500 cars per day!
- Located in the heart of Crystal River, FL
- Solid demographics (Population Density & Household Income) that are linear with target customer.
- Surrounded by national retailers including: McDonald’s, Home Depot, Chili’s, ALDI, Wells Fargo, Bank of America, Starbucks, Wendy’s, Burger King, Walgreens, CVS, Wawa, and more!
Listing Contacts
Listed by Marcus & Millichap
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,676.00
$7,973.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
UC-1 MixedMixed UseUrban Center 1
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 26 uses
View all 26 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?
