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34427782
34427784

8311 Hedge Lane Terrace, Shawnee, KS 66227-3544 For Sale

TA
CA 01936642
CBRE - South Bay
RB
CA CA 01934760
CBRE - South Bay
KP
CA CA 02076597
CBRE - South Bay
CBRE - South Bay
Listed by CBRE - South Bay
$1,021,467
1 day on market
Updated 1 day ago

Sonic Drive-In | Shawnee, KS

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,573
Net Rentable (SqFt) 1,573
Units 1
Cap Rate 6.00%
NOI $61,288
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/30/2046
Rent Bumps Yes
Lease Options 3, 5-Year
Year Built 2003
Acreage 1.790
Investment Type Net Lease
Lease Commencement 07/01/2026
Ground Lease No

Retail | 6.00% CAP | 1,573 SqFt

Marketing description

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.

CLOSE PROXIMITY TO KS-7 HIGHWAY

The subject property is located adjacent to a point of entry along Kansas State Highway 7 (KS-7), one of the primary north-south arterials serving the greater Shawnee trade area. KS-7’s traffic counts in this area are 26,384 vehicles per day.

PERIMETER PARK INDUSTRIAL CORRIDOR

The subject property is strategically positioned next to Perimter Park, Shawnee’s oldest and most established industrial corridor. Perimeter Park is a hub of commercial activity and is home to some of Shawnee’s largest employers, including Nazdar, BioMicrobics, Kraft Tool, and Westar Energy.

Investment highlights

  • PRICING: $1,021,467
  • CAP RATE: 6.00%
  • NOI: $61,288
  • LEASE TERM: 20 YEARS
  • INCREASES: 10% EVERY 5 YEARS

Listing Contacts

TA
CA 01936642
CBRE - South Bay
RB
CA CA 01934760
CBRE - South Bay
KP
CA CA 02076597
CBRE - South Bay
CBRE - South Bay
Listed by CBRE - South Bay

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$61,288.00
$5,107.33/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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