Sonic Drive-In | Shawnee, KS
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
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