Restaurant
Sonic
420 Merhar Ave, Fairbanks, AK 99701
Listing Price: $2,574,533
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Sonic located at 420 Merhar Avenue in Fairbanks, Alaska. The site consists of roughly 3,530 rentable square feet of building space on estimated 0.92-acre parcel of land. This Sonic is subject to a 10-year absolute triple-net (NNN) lease, which commenced September 1st, 2020. The current annual rent is $152,189 and is scheduled to increase by 1.50%annually throughout the base term.
Exclusively Listed By
Broker of Record
Listing Price: $2,574,533
Investment Highlights
- Original 10-Year Absolute Triple Net (NNN) Lease
- Over 8 Years of Remaining on the Base Term of the Lease
- One- and One-Half Percent (1.50%) Rental Increases Occurring Annually
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Sonic located at 420 Merhar Avenue in Fairbanks, Alaska. The site consists of roughly 3,530 rentable square feet of building space on estimated 0.92-acre parcel of land. This Sonic is subject to a 10-year absolute triple-net (NNN) lease, which commenced September 1st, 2020. The current annual rent is $152,189 and is scheduled to increase by 1.50%annually throughout the base term.
Exclusively Listed By
Broker of Record
