1192 W HIGHWAY 40 Vernal UT 84078-2922

The subject investment opportunity is Sonic Drive-In located at 1192 West Highway 40 in Vernal, Utah 84078. The subject Sonic Drive-In is comprised of 2,000 square feet of building space and sits on approximately 0.67 acres of land. The Vernal, Utah Sonic Drive-In is subject to an absolute triple-net (NNN) lease with 13 years remaining on the base term. The current annual rent is $148,500 with scheduled 10% increases every 5 years. There are three, five-year options.

• Absolute NNN - No Landlord Responsibilities
• 13 Years Remaining with 10% Increases Every 5 Years
• Utah is the Nation’s Fastest-Growing State Over the Last Year * | Vernal’s Population is Growing at About 18% Every 10 Years
• Rapid Declining Vacancy Rate from 11.5% to 4.3% Over the Last Year
• Above National Average and Median Household Income
• Only Sonic in Eastern Utah | Closest Sonic is 150 Miles Away
• Pad Site to a 100.000+ SF Shopping Center
• 10 Schools. 17 Motels/Hotels, and Vernal Regional Airport within a 2.5 Mile Radius
• 20 Miles from Colorado State Border
• Center of Vemal's Main Retail Corridor - Hwy 40 - 29,000 VPD
• Surrounding Retailers include | Walmart, Lowe's, Petco, T.J. Maxx, Kmart: Staples. Smith’s Food and Drug. Walgreens, 7-Eleven, McDonald’s. Dollar Tree. Aaron’s. Bealls, Rue21, O’Reilly. Autozone, Denny's, Wendy's, Taco Bell, Burger King, and more.