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Restaurant

Sonic Ground Lease

1511 NJ-35, Middletown Township, NJ 07748

Listing Price: $2,258,000

Cap Rate
5.00%
Tenant Name
Sonic
Years Remaining On Lease
10.1
Guarantor
Personal Guarantee
Rentable SF
1,794
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.93

Investment Overview

Marcus & Millichap is pleased to present a Sonic Ground Lease on Route 35 in Middletown, NJ.

Investment Highlights

  • Absolute NNN – Zero Landlord Responsibility
  • Built in 2012 – 10 Years Remaining on Initial 20-Year Lease
  • Four, Five-Year Options With Over 12% Increases at Each Option

Exclusively Listed By

Financing By

Restaurant

Sonic Ground Lease

Listing Price: $2,258,000

Cap Rate
5.00%
Tenant Name
Sonic
Years Remaining On Lease
10.1
Guarantor
Personal Guarantee
Rentable SF
1,794
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.93

Investment Highlights

  • Absolute NNN – Zero Landlord Responsibility
  • Built in 2012 – 10 Years Remaining on Initial 20-Year Lease
  • Four, Five-Year Options With Over 12% Increases at Each Option

Investment Overview

Marcus & Millichap is pleased to present a Sonic Ground Lease on Route 35 in Middletown, NJ.

Exclusively Listed By

Financing By

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