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Restaurant

Sonic 20-Year NNN Sale-leaseback

7725 49th St N, Pinellas Park, FL 33781

Listing Price: $2,296,093

Cap Rate
5.00%
Tenant Name
Quality Drive-In, LLC
Gross SF
1,592
Guarantor
Corporate Guarantee
Rentable SF
1,592
Price/Gross SF
$1,442.27
Lease Type
Absolute Net
Rent Per Square Feet
$72.11

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 7725 49th Street in Pinellas Park, FL.

Investment Highlights

  • Franchisee Guarantee from Quality Huts Drive-In (65-units)
  • 1.50% Annual Rental Increases Starting Year Two
  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Restaurant

Sonic 20-Year NNN Sale-leaseback

Listing Price: $2,296,093

Cap Rate
5.00%
Tenant Name
Quality Drive-In, LLC
Gross SF
1,592
Guarantor
Corporate Guarantee
Rentable SF
1,592
Price/Gross SF
$1,442.27
Lease Type
Absolute Net
Rent Per Square Feet
$72.11

Investment Highlights

  • Franchisee Guarantee from Quality Huts Drive-In (65-units)
  • 1.50% Annual Rental Increases Starting Year Two
  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 7725 49th Street in Pinellas Park, FL.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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