Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 2910 Lurleen B Wallace Blvd in Northport, AL. The site will consist of roughly 1,212 rentable square feet of building space on estimated 1.98-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $83,428 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year two (2) throughout the base term and in each of the four (4), five (5)-year renewal options.