118 Steven B Tanger Blvd - Fast Food FOR SALE
Commerce, GA 30529 |
$1,906,941 USD
949-662-2265
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
- 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, which sees a daily traffic count of ±62,000
FOR SALE DETAILS
PRICE
$1,906,941 USD
PRICE/SF
$1,105 USD /SF
CAP RATE
8%
% 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
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949-662-2265
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949-662-2265
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