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Restaurant

Sonic

954 N Pleasantburg Dr, Greenville, SC 29607

Listing Price: $2,095,238

Cap Rate
5.25%
Tenant Name
AFG SR Pleasantburg, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,525
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.13

Investment Overview

954 North Pleasantburg Dr in Greenville, SC. The site will consist of roughly 1,525 rentable square feet of building space on estimated 0.67-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $110,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) of the base term and into each of the four (4), five (5)-year renewal options.

Investment Highlights

  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Franchisee Guarantee from AFG SR OP II, LLC (18 Units)
  • 1.50% Annual Rental Increases Starting Year Six (6)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Listing Price: $2,095,238

Cap Rate
5.25%
Tenant Name
AFG SR Pleasantburg, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,525
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.13

Investment Highlights

  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Franchisee Guarantee from AFG SR OP II, LLC (18 Units)
  • 1.50% Annual Rental Increases Starting Year Six (6)

Investment Overview

954 North Pleasantburg Dr in Greenville, SC. The site will consist of roughly 1,525 rentable square feet of building space on estimated 0.67-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $110,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) of the base term and into each of the four (4), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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