Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 415 Magnolia Ave in Auburndale, FL. The site will consist of roughly 1,612 rentable square feet of building space on estimated 0.91-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 $93,500 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.