Investment Highlights
Long Term Lease
Absolute NNN
Renowned Tourist Destination
Attractive Rent Increases
Strategic Retail Location
High Traffic Counts
Executive Summary
Horvath & Tremblay is pleased to present the exclusive sale of a single-tenant, Absolute NNN Sonic Drive-In (?Sonic?) located at 2312 North Roosevelt Boulevard in Key West, Florida (the ?Property?). Sonic has over 13 years remaining on their original 20-year lease with four (4), 5-year renewal options. The lease features attractive 10% rental increases every 5 years throughout the base term and option periods.Sonic is well located in Key West, a vibrant tourist destination known for its eclectic culture, historic significance, and stunning natural beauty. The Property is strategically situated on North Roosevelt Boulevard, which is the primary commercial corridor serving Key West. Sonic benefits from excellent frontage and visibility, with prominent signage and convenient access points. North Roosevelt Boulevard features an extensive array of national retailers and attractions and leads directly to downtown Key West. The Property is less than a mile from Key West International Airport and Key West Highschool and is a short drive to Duval Street and the city?s lively downtown.
