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Restaurant

Sonic Drive-In

321 S Greeno Rd, Fairhope, AL 36532

Listing Price: $2,294,340

Cap Rate
6.00%
Tenant Name
Sonic
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
1,440
Lease Type
Absolute Net
Rent Per Square Feet
$95.60

Investment Overview

New 15 year absolute NNN lease to Quality Drive-In I, LLC which commenced on October 1, 2020.

Investment Highlights

  • New 15 Year NNN Lease which commenced October 1, 2020
  • Operated by Quality Restaurant Group, 350+ Unit Multi-Brand Operator
  • Located in fastest growing city and county in Alabama

Exclusively Listed By

Listing Price: $2,294,340

Cap Rate
6.00%
Tenant Name
Sonic
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
1,440
Lease Type
Absolute Net
Rent Per Square Feet
$95.60

Investment Highlights

  • New 15 Year NNN Lease which commenced October 1, 2020
  • Operated by Quality Restaurant Group, 350+ Unit Multi-Brand Operator
  • Located in fastest growing city and county in Alabama

Investment Overview

New 15 year absolute NNN lease to Quality Drive-In I, LLC which commenced on October 1, 2020.

Exclusively Listed By

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