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Restaurant

Sonic Drive-In

2076 E Main St, Spartanburg, SC 29307

Listing Price: $1,191,500

Cap Rate
6.00%
Tenant Name
Sonic Drive-In
Years Remaining On Lease
9.9
Guarantor
Franchisee Guarantee
Rentable SF
1,740
Lease Type
Absolute Net
Rent Per Square Feet
$41.09

Investment Overview

This Sonic investment property is situated in a dense retail corridor across from Lowe's and Tractor Supply Company. Other major national tenants nearby include Marshalls, Petco, Publix Supermarket, Ross, Walmart Supercenter, Home Depot, Chick-fil-a, Walgreens, McDonald's, and many more. Sonic is one block from Spartanburg High School (2,000+ Students). The Spartanburg Medical Center Mary Black Campus (145 beds) is located 0.75 miles from the property. East Main Street benefits from 20,000+ average daily traffic counts. Spartanburg county is a rapidly growing region. The county’s upward growth trend began when the BMW plant came. Since then, only more and more businesses have found their home in Spartanburg. Spartanburg county boasts a population of over 313,000 residents. The population in a five-mile radius of the subject property exceeds 69,000 and the average household income exceeds $64,000.

Investment Highlights

  • 10-Percent Rent Increases Every Five Years
  • Absolute NNN Lease - 10 Years Remaining
  • 20,000+ Average Daily Traffic Counts
  • Dense Retail Corridor - Across from Lowe's
  • Population Exceeds 69,000 Residents (Five-Mile)
  • Average Household Income Exceeds $64,000 (Five-Mile)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Restaurant

Sonic Drive-In

Listing Price: $1,191,500

Cap Rate
6.00%
Tenant Name
Sonic Drive-In
Years Remaining On Lease
9.9
Guarantor
Franchisee Guarantee
Rentable SF
1,740
Lease Type
Absolute Net
Rent Per Square Feet
$41.09

Investment Highlights

  • 10-Percent Rent Increases Every Five Years
  • Absolute NNN Lease - 10 Years Remaining
  • 20,000+ Average Daily Traffic Counts
  • Dense Retail Corridor - Across from Lowe's
  • Population Exceeds 69,000 Residents (Five-Mile)
  • Average Household Income Exceeds $64,000 (Five-Mile)

Investment Overview

This Sonic investment property is situated in a dense retail corridor across from Lowe's and Tractor Supply Company. Other major national tenants nearby include Marshalls, Petco, Publix Supermarket, Ross, Walmart Supercenter, Home Depot, Chick-fil-a, Walgreens, McDonald's, and many more. Sonic is one block from Spartanburg High School (2,000+ Students). The Spartanburg Medical Center Mary Black Campus (145 beds) is located 0.75 miles from the property. East Main Street benefits from 20,000+ average daily traffic counts. Spartanburg county is a rapidly growing region. The county’s upward growth trend began when the BMW plant came. Since then, only more and more businesses have found their home in Spartanburg. Spartanburg county boasts a population of over 313,000 residents. The population in a five-mile radius of the subject property exceeds 69,000 and the average household income exceeds $64,000.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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