Sonic Drive-In

Edwardsville, IL
place offer

Property Details

Available
Net Operating Income
$89,556
Year Built
2006
Lease Term
N/A
Lot Size
0.93 Acres
Building Size
1,582 SQ FT
Lease Structure
Absolute NNN
Ownership Type
Fee Simple
Options
(4) - 5 Year Options

Investment Details

20 YEAR ABSOLUTE NNN LEASE
  • ​Tenant is responsible for all Taxes, Insurance, CAM, repairs, & replacements such that the rent is truly “Net” to Landlord.
EXPERIENCED 50+ UNIT FRANCHISE | STRONG FINANCIALS

Seasoned retail operator with a proven track record of success, fortified financials with strong business and balance sheet.

2% ANNUAL INCREASES | STRONG HEDGE AGAINST INFLATION
  • ​The Federal Reserve has flooded the market with stimulus and expanded money supply by trillions of dollars creating substantial inflationary concerns.
  • ​In addition to recently announcing policies to allow for a higher run rate of inflation targets, allowing inflation to exceed the long-standing 2%target threshold.
PROVEN RESILIENCY | PANDEMIC, E-COMMERCE, & RECESSION RISKS
  • ​Sonic Drive-In Restaurants have not only survived the impact of a global pandemic but thrived. System-wide same-store sales have benefited from double-digit percentage growth during the pandemic
  • ​Quick Service Restaurants are one of the few service-based industries that are not threatened by the rise in E-Commerce
  • ​Quick Service Restaurants offer an affordable meal option resulting in strong historical performance in past recessions
EXCELLENT DEMOGRAPHICS
  • ​Over 53,159 People Live 5-Miles from Subject Property.
  • ​Over 2,400 Businesses & 25,000 Employees Within 5-Miles of Subject Property
  • ​Affluent Area | Avg. HH Income Exceeds $116,186 Within 5-Miles of Subject Property
SOUTHERN ILLINOIS UNIVERSITY EDWARDSVILLE
  • Close Proximity to Southern Illinois University Edwardsville (14,000+ students)
  • ​Located Adjacent to Edwardsville High School (2,200+ Students)
asking price
$1,791,120
cap rate
5.00%

Contact Us

Peter Kikis
646-491-0368