Restaurant

Sonic Drive-In

4851 E Prosperity Place, Decatur, IL 62521

Listing Price: $1,700,000

Cap Rate
6.00%
Tenant Name
Sonic Dine In
Gross SF
2,339
Guarantor
Franchisee Guarantee
Rentable SF
2,339
Price/Gross SF
$726.81
Lease Type
Absolute Net
Rent Per Square Feet
$43.61

Investment Overview

This location is the only Dine-In Sonic, in Illinois. This allows for an increase in consumer foot traffic. Largest chain in the U.S. 3,606 plus locations-46 plus states. Owned by Inspire Brands, the parent company of Arby's and Buffalo Wild Wings.

Investment Highlights

  • New 20 Year ABS Net Lease Signed at Escrow
  • Zero Landlord Responsibilities
  • Superb Location | WalMart Supercenter | Main Retail Corridor
  • Four - Five Year Options | One Percent Annual Increases
  • Rent Set Using 8.5 Percent Rent to Sales Ratio
  • Drive-Thru Concept is Ideal for Social Distancing | Record Sales During Pandemic

Exclusively Listed By

Listing Price: $1,700,000

Cap Rate
6.00%
Tenant Name
Sonic Dine In
Gross SF
2,339
Guarantor
Franchisee Guarantee
Rentable SF
2,339
Price/Gross SF
$726.81
Lease Type
Absolute Net
Rent Per Square Feet
$43.61

Investment Highlights

  • New 20 Year ABS Net Lease Signed at Escrow
  • Zero Landlord Responsibilities
  • Superb Location | WalMart Supercenter | Main Retail Corridor
  • Four - Five Year Options | One Percent Annual Increases
  • Rent Set Using 8.5 Percent Rent to Sales Ratio
  • Drive-Thru Concept is Ideal for Social Distancing | Record Sales During Pandemic

Investment Overview

This location is the only Dine-In Sonic, in Illinois. This allows for an increase in consumer foot traffic. Largest chain in the U.S. 3,606 plus locations-46 plus states. Owned by Inspire Brands, the parent company of Arby's and Buffalo Wild Wings.

Exclusively Listed By

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