3 Asset Portfolio
Investment Property with Long-Term Leases
Marketing description
Conrad & Company is pleased to exclusively offer for sale this 3 Asset Portfolio featuring Sonic Drive-Ins located in the first and second-largest cities in South Dakota. These properties are leased on a NNN basis with 9+ years remaining, requiring next to no landlord responsibilities. The leases include annual rent increases, providing investors with a strong hedge against inflation and a secured, income-producing investment opportunity.
Investment highlights
The triple net lease structure provides predictable cash flow with minimal landlord involvement, an attractive opportunity for private capital investors seeking stable income.
Lease includes approximately 9+ years remaining in the primary term, followed by automatic annual lease renewal options.
Tenant is contractually responsible for all operating expenses, including CAM, real estate taxes, insurance, and maintenance.
Single-tenant investment leased to nationally recognized tenant since 2006.
1.5% annual rent escalator.
Long-term lease structure supports durable income and inflation protection.
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