Restaurant
Sonic
981 Gray Ave, Yuba City, CA 95991
Listing Price: $2,486,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Sonic Drive-In Ground Lease located at 981 Gray Avenue in Yuba City, California. The property consists of roughly 1,593 rentable square feet of building space on an estimated 0.99-acre parcel of land. Wawa is subject to an original 20-year Absolute Triple-Net (NNN) that has around 13 years remaining. The current rent is $124,300 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: $2,486,000
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 981 Gray Avenue in Yuba City, California. The property consists of roughly 1,593 rentable square feet of building space on an estimated 0.99-acre parcel of land. Wawa is subject to an original 20-year Absolute Triple-Net (NNN) that has around 13 years remaining. The current rent is $124,300 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.
