651 Salt Lick Rd
St Peters, MO
place offer

Property Details

STNL Sonic Drive-In with long term triple-net Lease in-place.​ The Subject Property is 100% leased (ground leased) to a growing Sonic Franchisee (50+ units guaranteeing the Lease).​ Desirable NNN Lease structure with over 18.5 years remaining inclusive of 2% annual rental increases & four additional five year extension options bring the total potential Lease term to over 38 years.​
Net Operating Income
Year Built
Lease Term
Lot Size
0.82 Acres
Building Size
1,508 SQ FT
Property ID
Lease Structure
Absolute NNN Ground Lease
Ownership Type

Investment Details

Investment Highlights
  • ​Absolute NNN Ground Lease with 18+ Years Remaining plus an additional Four (4) Five (5)-Yr Options | New 20 Year Lease Signed in 2020
  • ​50+ Unit Guarantee | Experienced & Growing Sonic Franchisee with Strong Financials
  • ​2% Annual Rental Increases | Strong & Above Market Hedge Against Inflation
  • ​Proven Resiliency | Sonic is Pandemic, E-Commerce, & Recession Resistant | Strong National QSR Brand with Significant Momentum
  • ​Excellent Demographics | Over 123,429 People Reside within 5-Miles of the Subject Property with an Avg. HH Income in Excess of $115,178
  • ​Sonic Acquired by Inspire Brands in 2018 | Inspire Brands Portfolio Includes Arby’s, Dunkin’, Jimmy John’s, Buffalo Wild Wings, Baskin, Rusty Taco
asking price
cap rate

Contact Us

Peter Kikis