118 Steven B Tanger Blvd - Fast Food FOR SALE


Commerce, GA 30529
$2,136,628 USD
949-662-2265
118 Steven B Tanger Blvd, Commerce, GA for Sale
$2,136,628 USD
Fast Food - FOR SALE
1/3
null | 7% Cap Rate

118 Steven B Tanger Blvd
Commerce, GA 30529


HIGHLIGHTS

  • ABSOLUTE NNN LEASE – This lease provides zero landlord responsibilities, providing an investor with 100% passive income
  • STRONG BRAND RECOGNITION – With ±3,500 locations across 47 states and U.S. territories, an investor would benefit from Sonic’s national customer base
  • GROVE CREEK DEVELOPMENT – Recently proposed development project entails nearly 1,200 residential units and almost 340,000 square feet
  • RECENT INDUSTRIAL DEVELOPMENT – Recently, PepsiCo opened a 172,000 square foot distribution/warehouse center in Commerce, GA.
  • HIGHLY TRAFFICKED LOCATION – The Sonic property is located near the on/off ramp to the I-85 highway

OVERVIEW

ABSOLUTE NNN LEASE – This lease provides zero landlord responsibilities, providing an investor with 100% passive income. STRONG BRAND RECOGNITION – With ±3,500 locations across 47 states and U.S. territories, an investor would benefit from Sonic’s national customer base, marketing, and advertising campaigns leading to increased performance. GROVE CREEK DEVELOPMENT – Recently proposed development project entails nearly 1,200 residential units and almost 340,000 square feet of commercial space. This large-scale new submarket will combine housing and retail uses to create a surplus of new residents, which establishes a built-in demand for retail services. RECENT INDUSTRIAL DEVELOPMENT – Recently, PepsiCo opened a 172,000 square foot distribution/warehouse center in Commerce, GA. Due to their rapid growth, PepsiCo is expanding their Commerce footprint and moving into another 200,000 square foot building which will help drive up local property values and establish top-tier industrial grade infrastructure. HIGHLY TRAFFICKED LOCATION – The Sonic property is located near the on/off ramp to the I-85 highway, which sees a daily traffic count of ±62,000 vehicles per day. The stronger traffic counts creates greater access and higher visibility from thousands of potential customers, in a way to push the performance of the subject property.

FOR SALE DETAILS

PRICE

$2,136,628 USD

PRICE/SF

$1,251 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

C2

APN/PARCEL ID

B54D052

ASK ABOUT THIS PROPERTY

Cade NorlandMatthews Real Estate Investment ServicesMore Info
949-662-2265

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Cade NorlandMatthews Real Estate Investment ServicesMore Info
949-662-2265

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.