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Restaurant

Sonic

118 Steven B Tanger Blvd, Commerce, GA 30529

Listing Price: $2,900,000

Cap Rate
5.25%
Tenant Name
AFG SR Commerce, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,708
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$89.14

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 118 Steven B. Tanger Boulevard in Commerce, GA. The site will consist of roughly 1,708 rentable square feet of building space on an estimated 0.99-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 $152,250 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) throughout the base term and in 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

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Listing Price: $2,900,000

Cap Rate
5.25%
Tenant Name
AFG SR Commerce, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,708
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$89.14

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

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 118 Steven B. Tanger Boulevard in Commerce, GA. The site will consist of roughly 1,708 rentable square feet of building space on an estimated 0.99-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 $152,250 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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