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Restaurant

Sonic - 100 Ormond Blvd Laplace, LA 70068

100 Ormond Blvd, LaPlace, LA 70068

Listing Price: $1,737,010

Cap Rate
5.75%
Tenant Name
Sonic Drive In
Guarantor
Franchisee Guarantee
Rentable SF
1,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.42

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease Sonic Drive-In restaurant in Laplace, Louisiana. There will be a brand new 20-year triple-net lease at Close of Escrow with 7.5 percent rental increases every Five years along with Four, Five-year renewal options. This 0.72-acre site sits along Ormond Boulevard with traffic counts of over 35,000 vehicles daily. The subject property was built in 2001 is in a highly populated area with many businesses close by. Walmart, CVS, Popeyes, McDonalds, Smoothie King are just a few of many tenants in the area. Laplace is situated halfway between Baton Rouge and New Orleans.

Investment Highlights

  • Experienced Multi-Brand Operator
  • Dense Retail Corridor
  • Low Rent to Sales Ratio

Exclusively Listed By

Restaurant

Sonic - 100 Ormond Blvd Laplace, LA 70068

Listing Price: $1,737,010

Cap Rate
5.75%
Tenant Name
Sonic Drive In
Guarantor
Franchisee Guarantee
Rentable SF
1,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.42

Investment Highlights

  • Experienced Multi-Brand Operator
  • Dense Retail Corridor
  • Low Rent to Sales Ratio

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease Sonic Drive-In restaurant in Laplace, Louisiana. There will be a brand new 20-year triple-net lease at Close of Escrow with 7.5 percent rental increases every Five years along with Four, Five-year renewal options. This 0.72-acre site sits along Ormond Boulevard with traffic counts of over 35,000 vehicles daily. The subject property was built in 2001 is in a highly populated area with many businesses close by. Walmart, CVS, Popeyes, McDonalds, Smoothie King are just a few of many tenants in the area. Laplace is situated halfway between Baton Rouge and New Orleans.

Exclusively Listed By

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