www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33845107
33845105

1529 Greenbrier Dear Road, Anniston, AL 36207

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$1,488,000
3 days on market
Updated 3 days ago

Sonic | New 20-Yr NNN | Anniston-Oxford MSA, AL

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 1,394
Net Rentable (SqFt) 1,394
Cap Rate 6.25%
NOI $93,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Taco Bell (+12)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/31/2046
Remaining Term 19.6
Rent Bumps Yes
Lease Options 4 x 5 Years
Year Built 1999
Acreage 0.940
Lease Commencement 01/23/2026
Ground Lease No

6.25% CAP | 2% Annual Bumps | Soar QSR (±190 Units) | Greenbrier Dear Rd w/ ±11,246 VPD

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Sonic Drive-In at 1529 Greenbrier Dear Road in Anniston, Alabama, within the Anniston-Oxford MSA strategically positioned along the Interstate 20 corridor between Birmingham and Atlanta. The ±1,394-square-foot drive-in, built in 1999, sits on ±0.94 acres and is secured by a brand-new 20-year NNN lease commenced January 2026, with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $93,000 at a 6.25% cap rate includes scheduled 2% annual rent increases compounding throughout the full lease term. The property is operated by Soar QSR, one of the nation's largest and fastest-growing Sonic Drive-In franchisees, operating approximately 190 locations across more than 20 states as a subsidiary of CMG Companies, providing institutional-scale operational backing for this proven, longstanding location.

The property fronts Greenbrier Dear Road (±11,246 VPD) at its intersection with Coleman Road (±7,104 VPD), with Interstate 20 (±46,503 VPD) immediately adjacent, and with Oxford Exchange, Oxford Commons, and Quintard Mall all within direct view of the site. The 3-mile trade area holds 22,540 residents with an average household income of $89,078, supported by major employers including the Anniston Army Depot, Northeast Alabama Regional Medical Center, Honda Manufacturing of Alabama, Jacksonville State University, and BAE Systems. The immediate corridor is actively growing, with $16+ million in committed manufacturing investments in the Greenbrier Industrial Park approved in 2026, a 38-acre Summerall retail development featuring ALDI and Starbucks underway nearby, and the City of Anniston assuming unified control of the 4,609-acre former Fort McClellan for long-term mixed-use redevelopment. The Anniston-Oxford MSA counts 117,132 residents at $81,814 average household income, ranked a Top 10 Best Place to Live in Alabama by U.S. News and World Report in 2025.

Investment highlights

  • Brand New 20-Year NNN Lease Commenced January 2026 | Zero Landlord Responsibilities
  • Four (4) Five-Year Renewal Options | Up to 40 Years of Total Term
  • Scheduled 2% Annual Rent Increases Compounding Throughout Full Lease Term | $93,000 NOI at 6.25% CAP
  • Operated by Soar QSR | ±190-Unit Sonic Franchisee | Subsidiary of CMG Companies | 20+ States
  • Established Longstanding Location | Proven High-Volume Drive-In Site
  • Greenbrier Dear Rd (±11,246 VPD) at Coleman Rd (±7,104 VPD) | Direct Access to I-20 (±46,503 VPD)
  • Adjacent to Oxford Exchange, Oxford Commons, and Quintard Mall | Dense National Retail Corridor
  • 3-Mile Demographics: 22,540 Residents | $89,078 Avg. HH Income
  • $16M+ Manufacturing Investment in Greenbrier Industrial Park (2026) | 38-Acre Summerall Retail Development Underway
  • Anniston-Oxford MSA: 117,132 Population | Major Employers: Anniston Army Depot, Honda, JSU, BAE Systems, RMC Health System

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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
$93,000.00
$7,750.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

Map

Zoning

Intelligence Badge
SC MixedMixed UseSuburban Corridor
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 119 uses
View all 119 uses
Last updated Mar 25, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Eddie Greenhalgh
License
000088298-0
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591