Sonic | New 20yr Corp Abs NNN w/ Incrs | 36 Merchants Ave
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Sonic | New 20yr Corp Abs NNN w/ Incrs 36 Merchants Ave
1,246 SF Retail Building Blairsville, GA 30512 $2,381,000 ($1,911/SF) 5.25% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Established Brand | 10% Rental Increases | Options To Extend
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools | Union General Hospital (45 Beds)
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Located Along Young Harris Hwy (20,100 VPD) | Excellent Visibility & Access
Executive Summary
• Brand new 20-year lease with 4 (5-year) options, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every five years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Sonic, founded in 1953, is the largest drive-in restaurant brand in the United States with more than 3,524 restaurants in 47 states.
• The lease features 10% rental increases every five years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Sonic, founded in 1953, is the largest drive-in restaurant brand in the United States with more than 3,524 restaurants in 47 states.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,246 SF
Year Built
2024
Price
$2,381,000
Price Per SF
$1,911
Cap Rate
5.25%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.15 AC
Zoning
General Commercial
Parking
18 Spaces (14.45 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | B02-072 | Improvements Assessment | $421,920 |
| Land Assessment | $221,680 | Total Assessment | $643,600 |
PROPERTY TAXES
Parcel Number
B02-072
Land Assessment
$221,680
Improvements Assessment
$421,920
Total Assessment
$643,600
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Sonic | New 20yr Corp Abs NNN w/ Incrs | 36 Merchants Ave
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