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Restaurant

Sonic Drive In

1462 Greenwell Springs Rd, Baton Rouge, LA 70739

Listing Price: $1,536,158

Cap Rate
5.25%
Tenant Name
Sonic Drive In
Gross SF
1,450
Guarantor
Franchisee Guarantee
Rentable SF
1,450
Price/Gross SF
$1,059.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.62

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease SONIC Drive-In restaurant in Central, 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 1.11-acre site sits along Greenwell Springs Road with traffic counts of over 22,600 vehicles daily. The subject property is located near a signalized intersection Greenwell Springs Road and Central Throughway. Some notable tenants in the area include Walgreens, Waffle House, Burger King, Pizza Hut, Oak Point Fresh Market, and Sherman Williams to name a few. Central is part of the Baton Rouge MSA.

Investment Highlights

  • Strong Multi-Brand Operator
  • Low Rent To Sales Ratio
  • Dense Retail Corridor

Exclusively Listed By

Financing By

Listing Price: $1,536,158

Cap Rate
5.25%
Tenant Name
Sonic Drive In
Gross SF
1,450
Guarantor
Franchisee Guarantee
Rentable SF
1,450
Price/Gross SF
$1,059.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.62

Investment Highlights

  • Strong Multi-Brand Operator
  • Low Rent To Sales Ratio
  • Dense Retail Corridor

Investment Overview

Marcus & Millichap is pleased to present this absolute triple-net lease SONIC Drive-In restaurant in Central, 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 1.11-acre site sits along Greenwell Springs Road with traffic counts of over 22,600 vehicles daily. The subject property is located near a signalized intersection Greenwell Springs Road and Central Throughway. Some notable tenants in the area include Walgreens, Waffle House, Burger King, Pizza Hut, Oak Point Fresh Market, and Sherman Williams to name a few. Central is part of the Baton Rouge MSA.

Exclusively Listed By

Financing By

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