Sonic Drive-In - Ground Lease - 20 Years

REVISED

Sonic Drive-In - Ground Lease - 20 Years

Sale Leaseback | New 20 Year Absolute Net Lease Signed at Escrow


Ground Lease, Zero Landlord Responsibilities
Franchise Operator | Operates Sonic (1) and Subways (12)
Superb Location, WalMart Supercenter Outlot, Strong Trade Area, Main Retail Corridor
Four, Five-Year Options | 1% Annual Increases
Rent Set Using Low 5.59% Rent to Sales Ratio

Drive Thru Concept is Ideal for Social Distancing | Record Sales During Pandemic

4851 East Prosperity Place, Decatur, IL 62521

Request Offering Memorandum

Market Summary

Price                               $1,200,000

Cap Rate                        5.00%

NOI                                 $60,000 

Rentable SF                   2,339 SF

Price per SF                   $513.04

Year Built                        2016

Lot Size                          .91 Acres

Description

Marcus & Millichap is pleased to present the Sonic Drive In-Ground Lease located at 4851 East Prosperity Place in Decatur, Illinois. This location is the only Dine-In Sonic, in Illinois.  This allows for an increase in consumer foot traffic. Largest chain in the U.S. 3,606-plus locations 46-plus states.  Owned by Inspire Brands, the parent company of Arby's and Buffalo Wild Wings. 

 "The Most Popular Fast Food in Every State Right Now" People can enjoy their food in their cars at Sonic, while safely staying away from anyone who doesn't live in their household. The drive-in model is old-school, but it's also perfect for social distancing. No wonder Sonic was the top fast-food restaurant in a whopping 14 states during the pandemic! https://www.eatthis.com/fast-food-state-coronavirus/

Contact Us


The Saia | Andrew Group of Marcus & Millichap

Tammy Saia Info
(630) 570-2226
tsaia@marcusmillichap.com

Tami Andrew Info

(630) 570-2179

tandrew@marcusmillichap.com

© 2020 by Marcus & Millichap Saia | Andrew Group.