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Restaurant

Sonic

981 Gray Ave, Yuba City, CA 95991

Listing Price: $3,107,500

Cap Rate
4.00%
Tenant Name
SDISD Holdings, LLC
Years Remaining On Lease
12.8
Guarantor
Franchisee Guarantee
Rentable SF
1,593
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$78.03

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.

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

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Listing Price: $3,107,500

Cap Rate
4.00%
Tenant Name
SDISD Holdings, LLC
Years Remaining On Lease
12.8
Guarantor
Franchisee Guarantee
Rentable SF
1,593
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$78.03

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.

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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