Sonic Drive-In
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.
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