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Restaurant

Sonic Drive-In

194 Brownswitch Rd, Slidell, LA 70458

Listing Price: $1,494,000

Cap Rate
5.80%
Tenant Name
Sonic Drive-In
Years Remaining On Lease
15.8
Guarantor
Franchisee Guarantee
Rentable SF
1,455
Lease Type
Absolute Net
Rent Per Square Feet
$59.55

Investment Overview

Absolute NNN leased Sonic Drive-In located in Slidell, LA. The Lease has 16 years remaining on the base term with 2% annual rent increases. The subject property is located just off Interstate 12, boasting average daily traffic counts over 79,500 cars per day. Sonic is surrounded by residential homes making this an ideal location for the concept. There are more than 84,000 residents within a 5-Mile radius of the site with average household income exceeding $85,000. Nearby tenants include Waffle House, Burger King, McDonald's, Circle K, and more

Investment Highlights

  • 16 Years Remaining
  • Zero Landlord Responsibilities
  • 86,000+ Residents (5-Mile)
  • Just off Interstate 12 (79,545 Average Daily Traffic)

Exclusively Listed By

Restaurant

Sonic Drive-In

Listing Price: $1,494,000

Cap Rate
5.80%
Tenant Name
Sonic Drive-In
Years Remaining On Lease
15.8
Guarantor
Franchisee Guarantee
Rentable SF
1,455
Lease Type
Absolute Net
Rent Per Square Feet
$59.55

Investment Highlights

  • 16 Years Remaining
  • Zero Landlord Responsibilities
  • 86,000+ Residents (5-Mile)
  • Just off Interstate 12 (79,545 Average Daily Traffic)

Investment Overview

Absolute NNN leased Sonic Drive-In located in Slidell, LA. The Lease has 16 years remaining on the base term with 2% annual rent increases. The subject property is located just off Interstate 12, boasting average daily traffic counts over 79,500 cars per day. Sonic is surrounded by residential homes making this an ideal location for the concept. There are more than 84,000 residents within a 5-Mile radius of the site with average household income exceeding $85,000. Nearby tenants include Waffle House, Burger King, McDonald's, Circle K, and more

Exclusively Listed By

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