224 Dexter L. Wood Memorial - Fast Food FOR SALE


Waynesboro, TN 38485
$1,507,000 USD
510-289-1166
224 Dexter L. Wood Memorial, Waynesboro, TN for Sale
$1,507,000 USD
Fast Food - FOR SALE
1/1
null | 7% Cap Rate

224 Dexter L. Wood Memorial
Waynesboro, TN 38485


HIGHLIGHTS

  • Absolute NNN Lease to Established Sonic Franchisee with Approximately 7 Years Remaining
  • Strong Store Sales with Percentage Rent Included – 7.00% Rent-to-Sales Ratio
  • Personal Guaranty from Experienced Operator with 32 Units
  • Sonic is the Largest Drive-In Restaurant Brand in the U.S. with Over 3,500 Locations in 45 States
  • Adjacent to Wayne Medical Center – Affiliated with Maury Regional Health, a Six-Time Top 15 Health System in the Nation
  • Located Near the Junction of State Route 13 and U.S. Route 64, 105 Miles South of Nashville, and 135 Miles from East Memphis

OVERVIEW

The property is secured by an absolute NNN lease to an established Sonic franchisee with approximately 7 years remaining and a personal guaranty from an experienced 32-unit operator. Sonic operates more than 3,500 locations across 45 states and is the largest drive-in restaurant brand in the U.S. The property is adjacent to Wayne Medical Center and strategically located near the junction of State Route 13 and U.S. Route 64. The functional site includes a drive-thru, outdoor patio seating, and benefits from nearby national retailers and average household incomes exceeding $80,000 within a three-mile radius. In association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed Tennessee Broker #264531

FOR SALE DETAILS

PRICE

$1,507,000 USD

PRICE/SF

$1,184 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

077C-A-019.01

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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

Putnam DailyFisher James CapitalMore Info
510-289-1166

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