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33195207
33195208

9780 Ohio 14, Streetsboro, OH 44241

CO
CA 01985082
Matthews
RI
CA 02195578
Matthews
Listed by Matthews
$1,375,000
6 days on market
Updated 6 days ago

Sonic Drive-In

Details
Property Type Retail
Square Footage 1,835
Cap Rate 6.00%
NOI $82,500
Remaining Term 14.3
Price per SqFt $749
Year Built 2008
Acreage 0.860
Ground Lease No

Sonic With 14+ Years Remaining & 74K VPD

Investment highlights

• Walmart Outparcel Location – Situated as an outparcel to a Walmart-anchored center along OH-14 in Streetsboro, surrounded by national retailers and positioned within the market's primary commercial corridor.

• 74,000+ VPD Along Hwy 80 and OH-14 – The site benefits from dual-corridor exposure with direct access to Highway 80 (42,000+ VPD) and frontage along OH-14 (32,000+ VPD), Streetsboro's primary commercial corridor. This positioning delivers strong visibility and consistent traffic from two of the market's highest-volume roadways.

• Affluent Demographics – The surrounding trade area features an average household income of $166,000+ within a 5-mile radius, supporting a high-income consumer base with strong purchasing power.

• 19+ Year Operating History | 85+ Unit Franchisee – The Sonic has operated continuously at this location for over 19 years, backed by an experienced 85+ unit franchisee with proven scale within the Sonic system.

• Absolute NNN Lease – Long-term absolute NNN lease with approximately 14.3 years of remaining term, providing passive ownership with zero landlord responsibilities.

Listing Contacts

CO
CA 01985082
Matthews
RI
CA 02195578
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,500.00
$6,875.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Matt Wallace
License
BRKP.2024002419, REC.2022007141 (OH)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
950 Main Ave., Suite 510, Cleveland, OH 44113
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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