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Restaurant

Sonny's BBQ Sale-Leaseback | Top-Performing Store | Income Tax Free State | Low Rent-to-Sales Ratio

5145 US-90, Pace, FL 32571

Listing Price: $4,717,620

Cap Rate
5.00%
Tenant Name
Sonny's BBQ
Guarantor
Franchisee Guarantee
Rentable SF
5,872
Lease Type
Absolute Net
Rent Per Square Feet
$40.17

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonny's BBQ restaurant located at 5145 Highway 90, in Pace, FL. The site (newly constructed in 2019), consists of 5,872 total square feet of building space and sits on 1.12 acres of land. The site will be subject to a 15-year sale-leaseback with ACG BBQ, LLC. Starting in year one, the base rent shall be $235,881. The lease will call for 1.0% annual rental escalations during the base term and throughout the six, five-year renewal option periods (45-year total term). The subject property benefits from being located in a strong retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on an out-parcel to the Lowe's shopping center, the subject property is surrounded with the following major tenants in the immediate area; Lowes, Walmart, Dick's Sporting Goods, Home Depot, Target, Publix, PetSmart, T.J. Maxx as well as many more. This Sonny's BBQ also benefits from its proximity to the West Florida Baptist Academy, SS Dixon Primary School and Santa Rosa Medical Campus. This Sonny's BBQ unit is one of the brand's top volume locations featuring a fully functional drive-thru lane along with other amenities that contribute to off-premise sales. Well positioned on US Highway 90, the subject property benefits from east-west highway traffic along with supplemental travel stemming from Interstate 10 (I-10).

Investment Highlights

  • Top Performing Store Newly Constructed in 2019 with Drive-Thru.
  • Long-Term Experienced Ownership with History of Success and Future Growth Plan
  • Access Highway 90 with over 31,000 + AADT and Interstate 10 with 77,000 AADT

Exclusively Listed By

Financing By

Restaurant

Sonny's BBQ Sale-Leaseback | Top-Performing Store | Income Tax Free State | Low Rent-to-Sales Ratio

Listing Price: $4,717,620

Cap Rate
5.00%
Tenant Name
Sonny's BBQ
Guarantor
Franchisee Guarantee
Rentable SF
5,872
Lease Type
Absolute Net
Rent Per Square Feet
$40.17

Investment Highlights

  • Top Performing Store Newly Constructed in 2019 with Drive-Thru.
  • Long-Term Experienced Ownership with History of Success and Future Growth Plan
  • Access Highway 90 with over 31,000 + AADT and Interstate 10 with 77,000 AADT

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonny's BBQ restaurant located at 5145 Highway 90, in Pace, FL. The site (newly constructed in 2019), consists of 5,872 total square feet of building space and sits on 1.12 acres of land. The site will be subject to a 15-year sale-leaseback with ACG BBQ, LLC. Starting in year one, the base rent shall be $235,881. The lease will call for 1.0% annual rental escalations during the base term and throughout the six, five-year renewal option periods (45-year total term). The subject property benefits from being located in a strong retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on an out-parcel to the Lowe's shopping center, the subject property is surrounded with the following major tenants in the immediate area; Lowes, Walmart, Dick's Sporting Goods, Home Depot, Target, Publix, PetSmart, T.J. Maxx as well as many more. This Sonny's BBQ also benefits from its proximity to the West Florida Baptist Academy, SS Dixon Primary School and Santa Rosa Medical Campus. This Sonny's BBQ unit is one of the brand's top volume locations featuring a fully functional drive-thru lane along with other amenities that contribute to off-premise sales. Well positioned on US Highway 90, the subject property benefits from east-west highway traffic along with supplemental travel stemming from Interstate 10 (I-10).

Exclusively Listed By

Financing By

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