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Sonic Drive-In | Abs NNN 6949 Maynardsville Pike 1,244 SF Retail Building Knoxville, TN 37918 $1,594,245 CAD ($1,281.55 CAD/SF) 5% Cap Rate
Investment Highlights
- 6+ Years Remaining | Low Rent | Scheduled Rental Increases | Established Tenant
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
- Strong Demographics in 5-Mile Trade Area | Direct Consumer Base
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strategically Located Along Maynardville Pike | Excellent Visibility| Drive-Thru Equipped
Executive Summary
• The Guernsey Holdings SDI TN OpCo LLC has over 6 years remaining on its current lease term with 1 (10-year) option periods to extend
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Sonic is the largest drive-in restaurant brand in the United States with more than 3,500 restaurants in 47 states
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Sonic is the largest drive-in restaurant brand in the United States with more than 3,500 restaurants in 47 states
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,244 SF
Building Class
C
Year Built
1987
Price
$1,594,245 CAD
Price Per SF
$1,281.55 CAD
Cap Rate
5%
NOI
$79,716 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.50 AC
Zoning
C-G - General Commercial
Parking
52 Spaces (41.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 038KD-011 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $503,180 CAD |
Property Taxes
Parcel Number
038KD-011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$503,180 CAD
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Sonic Drive-In | Abs NNN | 6949 Maynardsville Pike
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