Sonic Drive-In | Oakley, KS
6.00% CAP | 20-Yr Abs NNN Lease | 6-Unit Portfolio
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.
I-70 CORRIDOR LOCATION
The subject property benefits from its location along US-40 directly adjacent to a point of entry along I-70, one of the most heavily traveled interstated in the region. I-70 connects Oakley to Denver to the west and Topeka and Kansas City to the east. The property also has the added benefit of a Tesla Supercharger station located adjacent to the property, an additional draw to the restaurant.
Investment highlights
- PRICING: $1,480,250
- CAP RATE: 6.00%
- NOI: $88,815
- LEASE TERM: 20 YEARS
- INCREASES: 10% EVERY 5 YEARS
- 6-UNIT PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
