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Sonic Drive-In | Tonganoxie, KS 550 Northstar Ct 1,494 SF Retail Building Tonganoxie, KS 66086 $3,372,720 CAD ($2,257.51 CAD/SF) 6% Cap Rate
Investment Highlights
- 6-UNIT SONIC PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)
- CONSERVATIVE RENT TO SALES RATIO
- TONGANOXIE HIGH SCHOOL
- 20-YEAR ABSOLUTE TRIPLE NET (NNN) LEASES
- EXPERIENCED OPERATOR
Executive Summary
CAP RATE: 6.00%
NOI: $144,000
LEASE TERM: 20 YEARS
INCREASES: 10% EVERY 5 YEARS
6-UNIT PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 1,494 SF
- -
- Triple Net
- Jun 2046
Sonic Drive-In is an American drive-in fast-food chain founded in 1953 in Shawnee, Oklahoma. The company grew from a small root beer stand originally known as Top Hat before adopting the Sonic name in 1959. Over the decades, it expanded across the United States with a model centered on car-based ordering and service. Sonic became known for its extensive drink options, customizable menu items, and the use of carhops for food delivery. The brand continues to operate as a subsidiary of Inspire Brands, a restaurant holding company that acquired it in 2018. Sonic maintains its headquarters in Oklahoma City, where corporate operations and brand management are based. The company remains privately held under Inspire Brands and continues to oversee a national franchise system.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 1,494 SF | - | Triple Net | Jun 2046 |
Property Taxes
| Parcel Number | 1920403003004000 | Improvements Assessment | $143,436 CAD |
| Land Assessment | $72,373 CAD | Total Assessment | $215,809 CAD |
Property Taxes
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Sonic Drive-In | Tonganoxie, KS | 550 Northstar Ct
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