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Restaurant

Sonic Drive-In

711 E Alice St, Bainbridge, GA 39819

Listing Price: $2,229,000

Cap Rate
6.50%
Tenant Name
Sonic Drive-In
Years Remaining On Lease
17.5
Gross SF
1,554
Guarantor
Franchisee Guarantee
Rentable SF
1,554
Price/Gross SF
$1,434.36
Lease Type
Absolute Net
Rent Per Square Feet
$93.22

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Sonic Drive-In in Bainbridge, Georgia. The property consists of a 1,554-square-foot, freestanding building that sits on 0.96 acres of land. There are approximately 17.8 years remaining on the current lease term with 7% increases every five years.

Investment Highlights

  • Absolute Net Lease with 17.8 Years Remaining
  • Located Near Walmart Supercenter and Home Depot and is Positioned at the Intersection of Two Major Highways: Highway 27 and Highway 84 (10,200 VPD)
  • Across from a New Wawa Gas Station Development – One of the First Wawa Locations in Georgia
  • 7 Percent Rent Increases Every 5 Years
  • Tallahassee, FL-Bainbridge, GA CSA Location
  • Long-Term 18-Year Operating History

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Restaurant

Sonic Drive-In

Listing Price: $2,229,000

Cap Rate
6.50%
Tenant Name
Sonic Drive-In
Years Remaining On Lease
17.5
Gross SF
1,554
Guarantor
Franchisee Guarantee
Rentable SF
1,554
Price/Gross SF
$1,434.36
Lease Type
Absolute Net
Rent Per Square Feet
$93.22

Investment Highlights

  • Absolute Net Lease with 17.8 Years Remaining
  • Located Near Walmart Supercenter and Home Depot and is Positioned at the Intersection of Two Major Highways: Highway 27 and Highway 84 (10,200 VPD)
  • Across from a New Wawa Gas Station Development – One of the First Wawa Locations in Georgia
  • 7 Percent Rent Increases Every 5 Years
  • Tallahassee, FL-Bainbridge, GA CSA Location
  • Long-Term 18-Year Operating History

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Sonic Drive-In in Bainbridge, Georgia. The property consists of a 1,554-square-foot, freestanding building that sits on 0.96 acres of land. There are approximately 17.8 years remaining on the current lease term with 7% increases every five years.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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