1333 SW Main Blvd - Fast Food FOR SALE


Lake City, FL 32025
$2,356,000 USD
305-281-8087
1333 SW Main Blvd, Lake City, FL for Sale
$2,356,000 USD
Fast Food - FOR SALE
1/6
null | 5.5% Cap Rate

1333 SW Main Blvd
Lake City, FL 32025


HIGHLIGHTS

  • Long Term Absolute NNN Lease w/ Zero Landlord Responsibilities
  • 7% Increases Every Five Years
  • Operated by a Top-200 Franchisee and One of Sonic's Largest Operators
  • Largest Drive-in QSR Chain in the US with 3,500+ Locations Across 46 States
  • Positioned Along SW Main Boulevard with Approx. 20,000 Vehicles Per Day
  • Lake City Population Has Grown 8% Since 2020, Increasing Approx. 2% Annually

OVERVIEW

Berlin Group is pleased to present this Sonic-leased property in Lake City, comprising approx. 1,412 square feet with a drive-thru lane and multiple covered carhop stalls. The property benefits from prime frontage along SW Main Boulevard, the market's main commercial corridor with excellent visibility and traffic counts of roughly 20,000 vehicles per day. This Sonic has over 16 years remaining on an Absolute NNN lease with a top-200 franchisee, one of the brand's most successful operators, providing investors with long-term, stable cash flow and truly passive ownership. The current annual rent is approx. $130K and is scheduled to increase by 7% in January 2027 followed by subsequent increases every five years.

FOR SALE DETAILS

PRICE

$2,356,000 USD

PRICE/SF

$1,679 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic Drive-In

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

GC

APN/PARCEL ID

05-4S-17-07647-003

ASK ABOUT THIS PROPERTY

Benedict GutierrezBerlin GroupMore Info
305-281-8087

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Benedict GutierrezBerlin GroupMore Info
305-281-8087

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