312 S Main St, O'Fallon, MO
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Property Details

Net Operating Income
Year Built
Lease Term
±18.5 Years
Lot Size
0.77AC Acres
Building Size
1,632 SQ FT
Lease Structure
Absolute NNN Ground Lease
Ownership Type
Absolute NNN Ground Lease

Investment Details

20 Year Absolute NNN Lease

−  The Subject Property is 100% leased (ground leased) to a Sonic Drive-In franchisee (50+ Unit Gty.) with over 18.5 years remaining on the NNN lease term with four, five- year options to extend.

−  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 123,429 People Live 5-Miles from Subject Property.

−  Over 3,557 Businesses & 36,039 Employees Within 5-Miles of Subject Property.

−  Affluent Area | Avg. HH Income Exceeds $115,178 Within 5-Miles of Subject Property.

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Peter Kikis