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Restaurant

Sonic - 5212 Jackson St, Alexandria, LA

5212 Jackson St, Alexandria, LA 71303

Listing Price: $1,264,000

Cap Rate
5.00%
Tenant Name
Sonic
Guarantor
Franchisee Guarantee
Rentable SF
1,256
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.32

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Sonic Drive In Restaurant investment opportunity located at 5212 Jackson St Alexandria, Louisiana. The property consists of a large 0.86-acre parcel improved with an approximately 1,256-square foot building with three points of ingress and egress. The restaurant will have a brand new 20-Year Absolute NNN Lease at the close of escrow with a seasoned Inspire Brands Franchisee. Annual Lease rent is set at $63,200 with 7.5 percent rental increases every five years in the base term, as well as the four, five-year renewal options. This 0.86-acre site sits along Jackson Street with traffic counts of over 24,000 vehicles daily. The subject property is located along the dense retail corridor of the city. Other notable tenants in the area include Kroger, Ashley Furniture, Office Depot, Walgreens, Dollar General, and Capital One Bank to name a few. Alexandria is approximately 2 hours north of Baton Rouge, LA.

Investment Highlights

  • New 20 Year NNN Lease at COE
  • Experienced Multi-Brand Operator
  • Dense Retail Corridor

Exclusively Listed By

Restaurant

Sonic - 5212 Jackson St, Alexandria, LA

Listing Price: $1,264,000

Cap Rate
5.00%
Tenant Name
Sonic
Guarantor
Franchisee Guarantee
Rentable SF
1,256
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.32

Investment Highlights

  • New 20 Year NNN Lease at COE
  • Experienced Multi-Brand Operator
  • Dense Retail Corridor

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Sonic Drive In Restaurant investment opportunity located at 5212 Jackson St Alexandria, Louisiana. The property consists of a large 0.86-acre parcel improved with an approximately 1,256-square foot building with three points of ingress and egress. The restaurant will have a brand new 20-Year Absolute NNN Lease at the close of escrow with a seasoned Inspire Brands Franchisee. Annual Lease rent is set at $63,200 with 7.5 percent rental increases every five years in the base term, as well as the four, five-year renewal options. This 0.86-acre site sits along Jackson Street with traffic counts of over 24,000 vehicles daily. The subject property is located along the dense retail corridor of the city. Other notable tenants in the area include Kroger, Ashley Furniture, Office Depot, Walgreens, Dollar General, and Capital One Bank to name a few. Alexandria is approximately 2 hours north of Baton Rouge, LA.

Exclusively Listed By

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