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Sonic Drive In 1522 E Greenville St 1,452 SF Retail Building Anderson, SC 29621 $3,494,578 CAD ($2,406.73 CAD/SF) 5.85% Cap Rate

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Investment Highlights

20-Year Sale-Leaseback | Experienced Operator (200+ Units) | Options To Extend | Scheduled Rental Increases | Only Sonic In Anderson County
Outparcel To New AnMed Development | Prime Retail Corridor

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru retail investment property operated by an experienced QSR franchisee. The lease is guaranteed by SOAR QSR, a 200+ unit operator and the third largest Sonic franchisee. At close of escrow, the tenant will execute a new 20-year lease with four (4) 5-year renewal options, demonstrating long-term commitment to the site. This is the only Sonic located in Anderson County, the next closest is 24+ miles away. The lease features 10% rental increases every five years and at the start of each option period, supporting NOI growth and providing a built-in hedge against inflation. The lease is structured as absolute NNN with zero landlord responsibilities. The tenant is responsible for CAM, taxes, insurance, and all maintenance, making this an ideal, management-free investment opportunity for a passive investor.