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Restaurant

Sonic

107 Compromise Ct, Phenix City, AL 36870

Listing Price: $2,584,000

Cap Rate
5.50%
Tenant Name
Sonic
Years Remaining On Lease
18.4
Guarantor
Franchisee Guarantee
Rentable SF
1,683
Lease Type
Absolute Net
Rent Per Square Feet
$84.37

Investment Overview

Located directly adjacent to a Walmart Neighborhood Market, the property is part of a new development that is home to several national tenants, including Dollar Tree, Popeyes Louisiana Kitchen, Taco Bell and a Snappy’s Express Car Wash. The site is across the street from Ladonia Elementary School, the Ladonia Volunteer Fire Department, and the Ladonia Youth Sports complex, which features a football field and three baseball diamonds. The property sits on US Route 80, a major east-west highway that traverses the entire state of Alabama and ends in Dallas, Texas. More than 24,000 vehicles per day pass the property, which has excellent visibility and benefits from a dedicated turning lane into the development from Route 80. The site is located just seven miles west of Columbus, Georgia, which is the third-largest city in Georgia and is home to more than 325,000 residents.

The property is operated by a 70-unit franchisee that has been named Sonic’s Franchisee of the Year several times, and the lease is guaranteed personally by the franchise operator, who has a personal net worth greater than $18 Million.

Investment Highlights

  • ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES
  • GUARANTEED BY 70+ UNIT OPERATOR WITH $18 MILLION+ PERSONAL NET WORTH
  • 18+ YEARS OF REMAINING LEASE TERM PLUS (4) 5-YEAR OPTIONS

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $2,584,000

Cap Rate
5.50%
Tenant Name
Sonic
Years Remaining On Lease
18.4
Guarantor
Franchisee Guarantee
Rentable SF
1,683
Lease Type
Absolute Net
Rent Per Square Feet
$84.37

Investment Highlights

  • ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES
  • GUARANTEED BY 70+ UNIT OPERATOR WITH $18 MILLION+ PERSONAL NET WORTH
  • 18+ YEARS OF REMAINING LEASE TERM PLUS (4) 5-YEAR OPTIONS

Investment Overview

Located directly adjacent to a Walmart Neighborhood Market, the property is part of a new development that is home to several national tenants, including Dollar Tree, Popeyes Louisiana Kitchen, Taco Bell and a Snappy’s Express Car Wash. The site is across the street from Ladonia Elementary School, the Ladonia Volunteer Fire Department, and the Ladonia Youth Sports complex, which features a football field and three baseball diamonds. The property sits on US Route 80, a major east-west highway that traverses the entire state of Alabama and ends in Dallas, Texas. More than 24,000 vehicles per day pass the property, which has excellent visibility and benefits from a dedicated turning lane into the development from Route 80. The site is located just seven miles west of Columbus, Georgia, which is the third-largest city in Georgia and is home to more than 325,000 residents. The property is operated by a 70-unit franchisee that has been named Sonic’s Franchisee of the Year several times, and the lease is guaranteed personally by the franchise operator, who has a personal net worth greater than $18 Million.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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