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Sonic Drive-In 2859 Crawfordville Hwy 1,519 SF Retail Building Crawfordville, FL 32327 $2,416,668 CAD ($1,590.96 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease
- Rare Percentage Rent Clause
- Crawfordville Population Has Grown 38% Since 2020, Increasing 3% Annually
- 5% Increases Every Five Years
- Operated by a Top-200 Franchisee and One of Sonic‘s Largest Operators
- Close Proximity to Publix, CVS, Aldi, Starbucks, and Other National Retailers
EXECUTIVE SUMMARY
Berlin Group is pleased to present this Sonic-leased property in Crawfordville, featuring a drive-thru lane and multiple covered carhop stalls. The property benefits from prime frontage along Crawfordville Highway, the area’s main traffic corridor with excellent visibility and traffic counts of approx. 21,000 vehicles per day.
The asset is secured by a brand-new 20-year absolute NNN lease with a US top-200 franchisee, one of the brand’s most successful operators. The lease includes a rare percentage rent clause, offering additional rental upside and enhancing long-term income potential for investors.
The asset is secured by a brand-new 20-year absolute NNN lease with a US top-200 franchisee, one of the brand’s most successful operators. The lease includes a rare percentage rent clause, offering additional rental upside and enhancing long-term income potential for investors.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,519 SF
Building Class
B
Year Built/Renovated
2000/2021
Price
$2,416,668 CAD
Price Per SF
$1,590.96 CAD
Cap Rate
5.50%
NOI
$132,951 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.34 AC
Zoning
UC - Urban Core, allowing mixed-use commercial development.
Parking
27 Spaces (17.77 Spaces per 1,000 SF Leased)
Frontage
174’ on Crawfordville Hwy
AMENITIES
- Dedicated Turn Lane
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,366,198 CAD | |
| Land Assessment | $1,542,904 CAD | Total Assessment | $2,909,102 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,542,904 CAD
Improvements Assessment
$1,366,198 CAD
Total Assessment
$2,909,102 CAD
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Sonic Drive-In | 2859 Crawfordville Hwy
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