Skip to main content

Restaurant

Sonic | Crystal River, FL

310 SE Kings Bay Dr, Crystal River, FL 34429

Listing Price: $1,594,000

Cap Rate
6.00%
Tenant Name
Sonic
Years Remaining On Lease
14.7
Guarantor
Franchisee Guarantee
Rentable SF
1,544
Lease Type
Absolute Net
Rent Per Square Feet
$61.97

Investment Overview

Lease
- Fresh 15-year base term
- 2% annual rental increases
- NNN – No Landlord Responsibilities
- Two, 5- Year Options
- Blended CAP over base term – 6.92%

Low Rent QSR
- Tenant is paying $95,676 per year, significantly lower than the average rent for a QSR in Florida

Recent Renovation
- Store was completely renovated in 2021
- With both stalls and a drive thru, this Sonic Drive-In location is positioned to handle significant guest volume.


Crystal River, FL
- Located on a signalized intersection of US Hwy 19, which sees 22,500 cars per day!
- Located in the heart of Crystal River, FL
- Solid demographics (Population Density & Household Income) that are linear with target customer.
- Surrounded by national retailers including: McDonald’s, Home Depot, Chili’s, ALDI, Wells Fargo, Bank of America, Starbucks, Wendy’s, Burger King, Walgreens, CVS, Wawa, and more!

Investment Highlights

  • Lease - Fresh 15-year base term - 2% annual rental increases - NNN – No Landlord Responsibilities - Two, 5- Year Options - Blended CAP over base term – 6.92%
  • Low Rent QSR - Tenant is paying $95,676 per year, significantly lower than the average rent for a QSR in Florida
  • Recent Renovation - Store was completely renovated in 2021 - With both stalls and a drive thru, this Sonic Drive-In location is positioned to handle significant guest volume.

Exclusively Listed By

Financing By

Restaurant

Sonic | Crystal River, FL

Listing Price: $1,594,000

Cap Rate
6.00%
Tenant Name
Sonic
Years Remaining On Lease
14.7
Guarantor
Franchisee Guarantee
Rentable SF
1,544
Lease Type
Absolute Net
Rent Per Square Feet
$61.97

Investment Highlights

  • Lease - Fresh 15-year base term - 2% annual rental increases - NNN – No Landlord Responsibilities - Two, 5- Year Options - Blended CAP over base term – 6.92%
  • Low Rent QSR - Tenant is paying $95,676 per year, significantly lower than the average rent for a QSR in Florida
  • Recent Renovation - Store was completely renovated in 2021 - With both stalls and a drive thru, this Sonic Drive-In location is positioned to handle significant guest volume.

Investment Overview

Lease - Fresh 15-year base term - 2% annual rental increases - NNN – No Landlord Responsibilities - Two, 5- Year Options - Blended CAP over base term – 6.92% Low Rent QSR - Tenant is paying $95,676 per year, significantly lower than the average rent for a QSR in Florida Recent Renovation - Store was completely renovated in 2021 - With both stalls and a drive thru, this Sonic Drive-In location is positioned to handle significant guest volume. Crystal River, FL - Located on a signalized intersection of US Hwy 19, which sees 22,500 cars per day! - Located in the heart of Crystal River, FL - Solid demographics (Population Density & Household Income) that are linear with target customer. - Surrounded by national retailers including: McDonald’s, Home Depot, Chili’s, ALDI, Wells Fargo, Bank of America, Starbucks, Wendy’s, Burger King, Walgreens, CVS, Wawa, and more!

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower