About This Restaurant
Investment Highlights
20-Year Absolute Triple-Net (NNN) Lease 1.50% Annual Rental Increases Starting Year Two Franchisee Guarantee from Quality Huts Drive-In (+70-units)
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for the Sonic located at 2082 Douglas Ave, Brewton, AL. The site will consist of roughly 1,307 rentable square feet of building space on estimated 1.11-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) lease, which commenced on September 1st, 2023. The initial annual rent will be $85,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year two (2) throughout the base term and in each of the four (4), five (5)-year renewal options.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 1,307
- Year Built 2022
- Price 1,416,666
- Price Per SF 1,084
- Cap Rate 6
- NOI 85,000
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.03
- Land Acres 1.11 AC
Property Taxes
| Parcel Number | 15-05-16-2-006-011.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $61,340 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 2082 Douglas Ave , Brewton, Alabama, 36426 | ||