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Restaurant

Sonic Drive In

13339 LA-73, Geismar, LA 70734

Listing Price: $1,411,567

Cap Rate
5.25%
Tenant Name
Sonic Drive In
Guarantor
Franchisee Guarantee
Rentable SF
1,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.76

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease SONIC Drive-In restaurant in , Louisiana. There will be a brand new 20-year triple-net lease at Close of Escrow with 7.5 percent rental increases every Five years along with Four, Five-year renewal options. This 0.50-acre site sits along Highway 73 with traffic counts of over 24,000 vehicles daily. The subject property is in close proximity to Dutchtown High School with a student population of over 2,300. Additionally, the property is located off Interstate 10 with average daily traffic counts of 93,000. Other notable tenants in the area include Sleep Inn Suites, Pizza Hut, Popeyes, Burger King and McDonald’s to name a few. Geismar is part of the Baton Rouge MSA.

Investment Highlights

  • BRAND NEW 20 YEAR ABSOLUTE NNN LEASE
  • STRONG MULTI-BRAND OPERATOR
  • DENSE RETAIL CORRIDOR

Exclusively Listed By

Financing By

Restaurant

Sonic Drive In

Listing Price: $1,411,567

Cap Rate
5.25%
Tenant Name
Sonic Drive In
Guarantor
Franchisee Guarantee
Rentable SF
1,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.76

Investment Highlights

  • BRAND NEW 20 YEAR ABSOLUTE NNN LEASE
  • STRONG MULTI-BRAND OPERATOR
  • DENSE RETAIL CORRIDOR

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease SONIC Drive-In restaurant in , Louisiana. There will be a brand new 20-year triple-net lease at Close of Escrow with 7.5 percent rental increases every Five years along with Four, Five-year renewal options. This 0.50-acre site sits along Highway 73 with traffic counts of over 24,000 vehicles daily. The subject property is in close proximity to Dutchtown High School with a student population of over 2,300. Additionally, the property is located off Interstate 10 with average daily traffic counts of 93,000. Other notable tenants in the area include Sleep Inn Suites, Pizza Hut, Popeyes, Burger King and McDonald’s to name a few. Geismar is part of the Baton Rouge MSA.

Exclusively Listed By

Financing By

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