About This Restaurant
Investment Highlights
New 15-Year Absolute Triple-Net (NNN) Sale-leaseback 7.50% Rent to Sales | Profitable Location For Tenant Tenant is an 18-Unit Subsidiary of Guernsey Sonic (87 Unit Sonic Operator)
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for the Sonic located at 1615 Sampson St in Westlake, LA. The site consists of roughly 1,318 rentable square feet of building space on estimated 0.50-acre parcel of land. The Sonic is subject to a 15-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $87,750 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting in year four (4) throughout the base term and in each of the five (5), five (5)-year renewal options.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 1,318
- Year Built 2005
- Price 1,350,000
- Price Per SF 1,024
- Cap Rate 6.50
- NOI 87,750
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.50 AC
Property Taxes
| Parcel Number | 00808059 | Improvements Assessment | $9,000 |
| Land Assessment | $31,350 | Total Assessment | $40,350 |
| Date Created: | 2024-07-16 04:16:15 | Last Updated: | 2024-07-16 04:16:15 |
| Address: | 1615 Sampson St , Westlake, Louisiana, 70669 | ||