211 W Holme St, Norton, KS 67654-1350 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 portfolio in Kansas, net leased to SERJ Drive-In Kansas, a seasoned multi-brand restaurant operator. Spanning markets across Kansas, the portfolio offers meaningful geographic diversification across a range of trade area profiles. The properties are available individually or as a portfolio, providing a flexible acquisition

structure for investors.

20-YEAR ABSOLUTE TRIPLE NET (NNN) LEASES

The tenant has executed new 20-year Absolute Triple Net (NNN) leases, providing investors with long-term, stable income from day one. Tenant is responsible for taxes, insurance, and all repairs & maintenance at the property, including roof & structure, leaving the 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.

REGIONAL TRADE CENTER

Norton serves as the commercial and governmental hub of northwestern Kansas, functioning as the primary trade center for a wide area well beyond its city limits. This is reinforced by its location at the intersection of US Highways 36 and 283, both of which are within close proximity to the subject property.

NEARBY SCHOOL PRESENCE

Within a half mile lays Norton Community High School and Norton Junior High School. With a combined enrollment of approximately 300 students, this provides a reliable customer base and meaningful demand driver for the restaurant.