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Sonic | 6+Yrs Abs NNN Ground Lease 1215 Grand Ave 1,801 SF Retail Building San Marcos, CA 92078 $3,394,148 CAD ($1,884.59 CAD/SF) 5% Cap Rate
Investment Highlights
- 6+ Years Remaining | Options to Extend | Strong SoCal Operator
- Signalized, Hard Corner Intersection off Hwy 78 (167K+ VPD) |Adjacent to Sprouts Anchored Center (5.6M+ Annual Visits)
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Affluent Community
Executive Summary
• The tenant has 6+ years remaining on its initial term with 4 (5-year) options
• The operator, Pacific Drive-Ins, has 15+ Sonic locations across California and Arizona, with a strong Southern California focus
• Sonic Drive-In, the largest drive-in brand in the U.S. with 3,500+ locations in 47 states, is part of the Inspire Brands portfolio
• The operator, Pacific Drive-Ins, has 15+ Sonic locations across California and Arizona, with a strong Southern California focus
• Sonic Drive-In, the largest drive-in brand in the U.S. with 3,500+ locations in 47 states, is part of the Inspire Brands portfolio
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,801 SF
Building Class
C
Year Built
2014
Price
$3,394,148 CAD
Price Per SF
$1,884.59 CAD
Cap Rate
5%
NOI
$169,691 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.91 AC
Zoning
Commercial
Parking
23 Spaces (12.77 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Sonic
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Sonic | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 219-152-73 | Improvements Assessment | $616,856 CAD |
| Land Assessment | $2,467,422 CAD | Total Assessment | $3,084,278 CAD |
Property Taxes
Parcel Number
219-152-73
Land Assessment
$2,467,422 CAD
Improvements Assessment
$616,856 CAD
Total Assessment
$3,084,278 CAD
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Sonic | 6+Yrs Abs NNN Ground Lease | 1215 Grand Ave
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