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Restaurant

Sonic

3225 Lawrenceville-Suwanee Rd, Suwanee, GA 30024

Listing Price: $2,697,322

Cap Rate
5.25%
Tenant Name
AFG SR Suwanee, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,789
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.16

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 3225 Lawrenceville-Suwanee Road in Suwanee, GA. The site will consist of roughly 1,789 rentable square feet of building space on estimated 1.05-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 $141,609 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: $2,697,322

Cap Rate
5.25%
Tenant Name
AFG SR Suwanee, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,789
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.16

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 3225 Lawrenceville-Suwanee Road in Suwanee, GA. The site will consist of roughly 1,789 rentable square feet of building space on estimated 1.05-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 $141,609 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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