About This Restaurant
Investment Highlights
Annual Rental Increases | 1.50% Annual Rental Increases Long Term Lease | Approximately 18 Years Remaining on the Initial Lease Term Absolute Triple Net (NNN) Lease | Zero Landlord Responsibilities Low Rent to Sales
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Sonic Drive-In located at 2470 Shorter Ave, Rome, GA 30165. The site consists of roughly 1,566 rentable square feet of building space on an estimated 0.58-acre parcel of land. This Sonic Drive-In is subject to a 20-year Triple Net (NNN) lease, which commenced 5/23/2022. The current annual rent is $109,205 and has scheduled increases of 1.50% Annually
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 1,566
- Year Built/Renovated 1994/2020
- Price 1,719,748
- Price Per SF 1,098
- Cap Rate 6.35
- NOI 109,205
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.58 AC
Property Taxes
| Parcel Number | H13X-216 | Improvements Assessment | $102,865 |
| Land Assessment | $355,856 | Total Assessment | $458,720 |
| Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
| Address: | 2470 Shorter Ave NW , Rome, Georgia, 30165 | ||