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33288584
33288585

5606 Milan Road, Sandusky, OH 44870

CO
CA 01985082
Matthews
RI
CA 02195578
Matthews
Listed by Matthews
$1,540,000
2 days on market
Updated 2 days ago

Sonic Drive-In

Details
Property Type Retail
Square Footage 1,587
Cap Rate 6.00%
NOI $92,400
Remaining Term 14.3
Price per SqFt $971
Year Built 2010
Acreage 1.790
Ground Lease No

Sonic Drive-In | Walmart Outparcel | 6.00% Cap Rate | 14.3 Years Remaining

Investment highlights

• Walmart Outparcel Location: Ranked in the 73rd Percentile Nationally According to AlphaMaps – Situated as an outparcel to a Walmart-anchored center along Milan Road, surrounded by national retailers and positioned within Sandusky's most active retail corridor.

• Strong Traffic Counts – Direct access from a major highway drawing 25,900+ vehicles per day, complemented by 26,300+ VPD along Milan Road, delivering consistent regional and local consumer traffic to the site.

• Affluent Demographics & Tourism Draw – The surrounding trade area features an average household income exceeding $118,000 within a 1-mile radius, supported by a stable consumer base. The location also benefits from its proximity to Cedar Point, a major water park and amusement destination that draws millions of tourists to Sandusky each year.

• Deeded Pylon Signage with Highway 2 Visibility – Pylon signage with direct Highway 2 visibility is included in the deeded title, a rare ownership right that enhances long-term site value, tenant retention, and re-tenanting flexibility.

• 15+ Year Operating History | 85+ Unit Franchisee – The Sonic has operated continuously at this location for over 15 years, operated 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
$--
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Annual Cash Flow
$92,400.00
$7,700.00/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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