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Sonic 302 E Glade Rd 1,960 SF Retail Building Anniston, AL 36206 $2,419,129 CAD ($1,234.25 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-Year Sale Leaseback | Experienced Operator (191+ Units) | Options to Extend
- Walmart Supercenter | Fort McClellan | Dense 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, guaranteed by Soar QSR (191+ unit operator) Sonic investment property located in Anniston, Alabama. Soar QSR is the 3rd largest Sonic franchisee and will sign a brand new, 20-year lease at the close of escrow (sale-leaseback) with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,960 SF
Building Class
B
Year Built
1998
Price
$2,419,129 CAD
Price Per SF
$1,234.25 CAD
Cap Rate
6%
NOI
$145,148 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.71 AC
Opportunity Zone
Yes
Zoning
SC - Suburban Corridor
Parking
43 Spaces (21.94 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-04-17-1-005-001.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $178,650 CAD |
PROPERTY TAXES
Parcel Number
18-04-17-1-005-001.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$178,650 CAD
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Sonic | 302 E Glade Rd
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