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Restaurant

Sonny's BBQ Sale-Leaseback | New Construction Location

145 Three Springs Rd, Bowling Green, KY 42104

Listing Price: $3,200,000

Cap Rate
5.25%
Tenant Name
ACG BBQ LLC
Guarantor
Franchisee Guarantee
Rentable SF
5,609
Lease Type
Absolute Net
Rent Per Square Feet
$29.95

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Sonny’s BBQ Restaurant located at 145 Three Springs Rd, in Bowling Green, KY. The site, recently renovated in 2021, consists of 5,609 rentable square feet of building space and sits on an approximately 1.83 acre parcel of land. ACG BBQ, LLC is offering a 20-year Absolute NNN lease, the starting base rent shall be $168,000 with six, five-year tenant renewal options with 1.00% annual escalations through the initial term and each option period (50-Year total term). Situated next to Interstate 65 with over 60,000+ AADT, the subject property has been recently renovated with a more compact seating layout and built to serve off premise with a fully functional and highly profitable drive-thru lane. In addition to being ranked as the second-best city in the United States for manufacturing by Global Trade Magazine, Site Selection Magazine has awarded the Bowling Green Area Chamber of Commerce the prestigious Mac Conway Award placing it in the top twenty economic development organizations in the United States for performance in 2020. Bowling Green is also home to Western Kentucky University, a public university that holds over 20,000 students adding additional layers of economic support to the market. Boasting an oversized lot, the property has high visibility from I-65 and US Highway 231.

Investment Highlights

  • Brand New Drive-Thru
  • Freshly Renovated in 2021
  • High Visibility With A Large Lot
  • Long-Term Experienced Ownership with History of Success and Future Growth Plan
  • Limited family style traditional BBQ competition in the immediate and surrounding markets
  • 20-Year Absolute NNN Lease-Zero Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Restaurant

Sonny's BBQ Sale-Leaseback | New Construction Location

Listing Price: $3,200,000

Cap Rate
5.25%
Tenant Name
ACG BBQ LLC
Guarantor
Franchisee Guarantee
Rentable SF
5,609
Lease Type
Absolute Net
Rent Per Square Feet
$29.95

Investment Highlights

  • Brand New Drive-Thru
  • Freshly Renovated in 2021
  • High Visibility With A Large Lot
  • Long-Term Experienced Ownership with History of Success and Future Growth Plan
  • Limited family style traditional BBQ competition in the immediate and surrounding markets
  • 20-Year Absolute NNN Lease-Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Sonny’s BBQ Restaurant located at 145 Three Springs Rd, in Bowling Green, KY. The site, recently renovated in 2021, consists of 5,609 rentable square feet of building space and sits on an approximately 1.83 acre parcel of land. ACG BBQ, LLC is offering a 20-year Absolute NNN lease, the starting base rent shall be $168,000 with six, five-year tenant renewal options with 1.00% annual escalations through the initial term and each option period (50-Year total term). Situated next to Interstate 65 with over 60,000+ AADT, the subject property has been recently renovated with a more compact seating layout and built to serve off premise with a fully functional and highly profitable drive-thru lane. In addition to being ranked as the second-best city in the United States for manufacturing by Global Trade Magazine, Site Selection Magazine has awarded the Bowling Green Area Chamber of Commerce the prestigious Mac Conway Award placing it in the top twenty economic development organizations in the United States for performance in 2020. Bowling Green is also home to Western Kentucky University, a public university that holds over 20,000 students adding additional layers of economic support to the market. Boasting an oversized lot, the property has high visibility from I-65 and US Highway 231.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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