Sonic Drive-In 929 Springfield rd

Investment Highlights

Brand New 20-Year Absolute Triple-Net (NNN) Lease with Annual Rental Increases Tenant is the Fifth-Largest Sonic Franchisee with 100+ Locations Adjacent to Taylorville High School (800+ Students) Brand New 2024 Re-Construction of a Long Standing Site Excellent Frontage and Accessibility Along West Springfield Road, a Significant Thoroughfare with Direct Access to Springfield Average Household Income Exceeds $72,000 within a 10-Mile Radius

Executive Summary

Founded in 1953, Sonic Drive-In (?Sonic?) is the largest drive-in restaurant brand in the United States with more than 3,500 restaurants in 46 states. Sonic is part of the Inspire Brands family of restaurants. Inspire Brands was founded in February 2018 and is now the second-largest restaurant company in the U.S. The company operates over 32,000 restaurants in 57 global markets, with over $31 billion in global system sales.Located in central Illinois, Taylorville is the county seat of Christian County and is only thirty miles from the state?s Capital, Springfield. With over 10,500 residents, Taylorville is also the county?s largest city.Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,576
• Year Built    2024
• Price    2,677,000
• Price Per SF    1,699
• Cap Rate    6.35
• NOI    170,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    0.61 AC