Sonic | New 20yr Abs NNN w/ Incrses 2213 E Maple St

Investment Highlights

Brand New 20-Year Lease | Franchisee Guaranteed |Scheduled Rental Increases Washington Square (240,000 SF) | Drive Thru Equipped |The Strip (690,000 SF) | Belden Village Mall (1,232,000 SF) | Primary Retail Corridor Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, franchisee guaranteed, Sonic investment property located in North Canton, OH. The tenant, Soar QSR, recently signed a brand new 20-year lease that will commence at the close of escrow with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 1.50% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    1,556
• Building Class    B
• Year Built    2010
• Price    2,000,000
• Price Per SF    1,285
• Cap Rate    6
• NOI    120,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.02 AC

• Restaurant
• Signage
• Drive Thru