Restaurant
Sonic Drive In
1825 LA-3125, Gramercy, LA 70052
Listing Price: $1,632,000
Investment Overview
Marcus & Millichap is pleased to present this absolute triple-net lease SONIC Drive-In restaurant in Gramercy, 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 0.49-acre site sits along North Pine Street/Highway 3125 with traffic counts of over 12,500 vehicles daily. The restaurant is an outparcel to Winn-Dixie shopping center. Other notable tenants in the area include AutoZone, Popeyes, McDonald’s, Planet Fitness and Lucky Dollar Casino. Gramercy is located approximately halfway between Baton Rouge and New Orleans.
Exclusively Listed By
Listing Price: $1,632,000
Investment Highlights
- Winn-Dixie Outparcel
- 20 Year Absolute NNN Lease
- Experienced Operator
Investment Overview
Marcus & Millichap is pleased to present this absolute triple-net lease SONIC Drive-In restaurant in Gramercy, 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 0.49-acre site sits along North Pine Street/Highway 3125 with traffic counts of over 12,500 vehicles daily. The restaurant is an outparcel to Winn-Dixie shopping center. Other notable tenants in the area include AutoZone, Popeyes, McDonald’s, Planet Fitness and Lucky Dollar Casino. Gramercy is located approximately halfway between Baton Rouge and New Orleans.
Exclusively Listed By
