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Restaurant

Sonic 20-Year NNN Sale-leaseback

3160 15th St, Tuscaloosa, AL 35401

Listing Price: $1,688,760

Cap Rate
5.50%
Tenant Name
Quality Drive-In, LLC
Gross SF
1,312
Guarantor
Corporate Guarantee
Rentable SF
1,312
Price/Gross SF
$1,287.16
Lease Type
Absolute Net
Rent Per Square Feet
$70.79

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 3160 15th Street in Tuscaloosa, AL.

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

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Sonic 20-Year NNN Sale-leaseback

Listing Price: $1,688,760

Cap Rate
5.50%
Tenant Name
Quality Drive-In, LLC
Gross SF
1,312
Guarantor
Corporate Guarantee
Rentable SF
1,312
Price/Gross SF
$1,287.16
Lease Type
Absolute Net
Rent Per Square Feet
$70.79

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 3160 15th Street in Tuscaloosa, AL.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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