1215 Grand Ave - Fast Food FOR SALE


San Marcos, CA 92078
$2,467,000 USD
480-221-4221
1215 Grand Ave, San Marcos, CA for Sale
$2,467,000 USD
Fast Food - FOR SALE
1/9
null | 5% Cap Rate

1215 Grand Ave
San Marcos, CA 92078


HIGHLIGHTS

  • 6+ Years Remaining | Options to Extend | Strong SoCal Operator
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection off Hwy 78 (167K+ VPD) |Adjacent to Sprouts Anchored Center (5.6M+ Annual Visits)
  • Strong Demographics In 5-Mile Trade Area | Affluent Community

OVERVIEW

• The tenant has 6+ years remaining on its initial term with 4 (5-year) options • The operator, Pacific Drive-Ins, has 15+ Sonic locations across California and Arizona, with a strong Southern California focus • Sonic Drive-In, the largest drive-in brand in the U.S. with 3,500+ locations in 47 states, is part of the Inspire Brands portfolio

FOR SALE DETAILS

PRICE

$2,467,000 USD

PRICE/SF

$1,370 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic | 6+Yrs Abs NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

Commercial

APN/PARCEL ID

219-152-73

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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