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Restaurant

Sonic 20-Year NNN Sale-leaseback

1520 1st St S, Winter Haven, FL 33880

Listing Price: $2,168,532

Cap Rate
5.00%
Tenant Name
Quality Drive-In, LLC
Gross SF
1,536
Guarantor
Corporate Guarantee
Rentable SF
1,536
Price/Gross SF
$1,411.80
Lease Type
Absolute Net
Rent Per Square Feet
$70.59

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 1520 1st Street South in Winter Haven, FL.

Investment Highlights

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

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: $2,168,532

Cap Rate
5.00%
Tenant Name
Quality Drive-In, LLC
Gross SF
1,536
Guarantor
Corporate Guarantee
Rentable SF
1,536
Price/Gross SF
$1,411.80
Lease Type
Absolute Net
Rent Per Square Feet
$70.59

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 1520 1st Street South in Winter Haven, 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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