Restaurant
Sonic
913 Pleasant Grove Blvd, Roseville, CA 95678
Listing Price: $3,836,400
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Sonic Drive-In Ground Lease located at 913 Pleasant Grove Boulevard in Roseville, California. The property consists of roughly 1,718 rentable square feet of building space on an estimated 0.85-acre parcel of land. Sonic is subject to an original 20-year Absolute Triple-Net (NNN) that has over 13 years remaining. The current rent is $153,456 and increases 10%every 5 years. There are two (2), five (5)-year tenant renewal options and one four-year and 11-month renewal option, extending the total possible lease term to 34.9 years.
Listing Price: $3,836,400
Investment Highlights
- Original 20-Year Absolute Triple-Net (NNN) Lease | 13+ Years Remaining
- Franchisee Guarantee| SDISD Holdings, LLC | 15-Unit Guarantee
- Attractive 10% Rental Increases Every Five (5)-Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Sonic Drive-In Ground Lease located at 913 Pleasant Grove Boulevard in Roseville, California. The property consists of roughly 1,718 rentable square feet of building space on an estimated 0.85-acre parcel of land. Sonic is subject to an original 20-year Absolute Triple-Net (NNN) that has over 13 years remaining. The current rent is $153,456 and increases 10%every 5 years. There are two (2), five (5)-year tenant renewal options and one four-year and 11-month renewal option, extending the total possible lease term to 34.9 years.
