Skip to main content

Restaurant

Sonic

1901 Coliseum Blvd, Montgomery, AL 36110

Listing Price: $916,667

Cap Rate
6.00%
Tenant Name
SRI Operating Company
Years Remaining On Lease
8.8
Gross SF
1,411
Guarantor
Corporate Guarantee
Rentable SF
1,411
Price/Gross SF
$649.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.98

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sonic Drive-In located in Montgomery, AL. This property is subject to a long-term Triple-Net (NNN) lease with more than 9 years remaining on the base term and features a corporate tenant in SRI Operating Company. The offering consists of 1,411 rentable square feet of building space and sits on approximately 0.80 acres of land. The initial annual rent is $55,000 and will be subject to 5% rental increases in each of the four (4), five (5)-year tenant renewal option periods

Investment Highlights

  • Absolute Triple-Net (NNN) Lease
  • Corporate Tenant | SRI Operating Company
  • 5% Rental Increases in Each Option Period

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $916,667

Cap Rate
6.00%
Tenant Name
SRI Operating Company
Years Remaining On Lease
8.8
Gross SF
1,411
Guarantor
Corporate Guarantee
Rentable SF
1,411
Price/Gross SF
$649.66
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.98

Investment Highlights

  • Absolute Triple-Net (NNN) Lease
  • Corporate Tenant | SRI Operating Company
  • 5% Rental Increases in Each Option Period

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sonic Drive-In located in Montgomery, AL. This property is subject to a long-term Triple-Net (NNN) lease with more than 9 years remaining on the base term and features a corporate tenant in SRI Operating Company. The offering consists of 1,411 rentable square feet of building space and sits on approximately 0.80 acres of land. The initial annual rent is $55,000 and will be subject to 5% rental increases in each of the four (4), five (5)-year tenant renewal option periods

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower