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Restaurant

Sonic

1534 Woodruff Rd, Greenville, SC 29607

Listing Price: $1,556,370

Cap Rate
5.15%
Tenant Name
AFG SR Woodruff, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
1,404
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.09

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 1534 Woodruff Road in Greenville, SC. The site will consist of roughly 1,404 rentable square feet of building space on estimated 0.76-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 $80,153 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

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Listing Price: $1,556,370

Cap Rate
5.15%
Tenant Name
AFG SR Woodruff, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
1,404
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.09

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 1534 Woodruff Road in Greenville, SC. The site will consist of roughly 1,404 rentable square feet of building space on estimated 0.76-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 $80,153 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

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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