15516 State Ave, Basehor, KS 66012 For Sale

6-UNIT SONIC PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)

CBRE is pleased to present an exclusive listing for a 6-Unit Sonic Sale Leaseback portfolio in Kansas. The tenant will sign long-term leases upon the close of escrow. The properties are available individually or as a portfolio.

20-YEAR ABSOLUTE TRIPLE NET (NNN) SALE LEASEBACK

Upon the close of escrow, the tenant will sign a 20-year Absolute Triple Net (NNN) Sale Leaseback. Tenant is responsible for taxes, insurance, and all repairs & maintenance at the property, including roof & structure, leaving landlord with zero management responsibilities. The lease features 10% rental increases every 5 years and three, five-year tenant renewal options.

CONSERVATIVE RENT TO SALES RATIO

The lease has been structured with a conservative rent to sales ratio, ensuring long term operational success. Contact agent for more details.

EXPERIENCED OPERATOR

The property is operated by SERJ Group, a successful multi-brand franchisee of Taco Bell and Sonic with 25+ locations across three states.

AFFLUENT AND GROWING SUBURBAN MARKET

Basehor is a rapidly growing and affluent suburb of Kansas City. It ranks as the third-fastest growing suburb in the Kansas City metropolitan area, with population growth within a 1-mile radius of the property at 2.0% annually over the last 5 years. It is a wealthy submarket as well, with average household income in a 5-mile radius of the property at $117,113. For net lease investors, this trajectory signals a durable and strengthening consumer base.

STRATEGIC LOCATION ON STATE AVE (US ROUTE 24/40) CORRIDOR

The subject property benefits from its positioning along State Avenue, the primary commercial corridor running through Basehor and the city’s dominant retail corridor. Traffic counts on State Avenue (US Route 24/40) exceed 18,622 vehicles per day.