Sonic Drive-In 711 E Alice St

Investment Highlights

Absolute Net Lease with 18 Years Remaining Positioned at the Intersection of Two Major Highways: Highway 27 and Highway 84 (10,200 VPD) 7 Percent Rent Increases Every 5 Years Located Near the only Walmart Supercenter Within a 25-Mile Radius Across from a New Wawa Gas Station Development ? One of the First Wawa Locations in Georgia Tallahassee, FL-Bainbridge, GA CSA Location

Executive Summary

Offered for sale is the opportunity to acquire an absolute net lease Sonic Drive-In in Bainbridge, Georgia. The property consists of a 1,554-square-foot, freestanding building that sits on 0.96 acres of land. There are approximately 18 years remaining on the current lease term with 7% increases every five years. Broker of Record for GA: John Leonard, License: 252904, P: (678) 808-2700

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,554
• Building Class    C
• Year Built    2006
• Price    2,229,000
• Price Per SF    1,434
• Cap Rate    6.50
• NOI    144,858
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    0.96 AC

• Dedicated Turn Lane
• Freeway Visibility
• Drive Thru
• Monument Signage