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Restaurant

Sonic Drive In

11145 Coursey Blvd, Baton Rouge, LA 70816

Listing Price: $1,389,616

Cap Rate
5.25%
Tenant Name
Sonic Drive In
Gross SF
1,560
Guarantor
Franchisee Guarantee
Rentable SF
1,560
Price/Gross SF
$890.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.77

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease SONIC Drive-In restaurant in Baton Rouge, 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 0.71-acre site sits along Coursey Blvd. with traffic counts of over 34,000 vehicles daily. The subject property is located near a Walmart Neighborhood Market. Other notable tenants in the area include Mavis Tire, Walgreens, CVS, Wendy’s, Capital One, Progressive, and Lakewood Mall to name a few.

Investment Highlights

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

Exclusively Listed By

Financing By

Restaurant

Sonic Drive In

Listing Price: $1,389,616

Cap Rate
5.25%
Tenant Name
Sonic Drive In
Gross SF
1,560
Guarantor
Franchisee Guarantee
Rentable SF
1,560
Price/Gross SF
$890.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.77

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease SONIC Drive-In restaurant in Baton Rouge, 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 0.71-acre site sits along Coursey Blvd. with traffic counts of over 34,000 vehicles daily. The subject property is located near a Walmart Neighborhood Market. Other notable tenants in the area include Mavis Tire, Walgreens, CVS, Wendy’s, Capital One, Progressive, and Lakewood Mall to name a few.

Exclusively Listed By

Financing By

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