2530 Highway 46 S - Fast Food FOR SALE


Dickson, TN 37055
$2,507,000 USD
510-289-1166
2530 Highway 46 S, Dickson, TN for Sale
$2,507,000 USD
Fast Food - FOR SALE
1/4
null | 6.25% Cap Rate

2530 Highway 46 S
Dickson, TN 37055


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
  • Desirable Nashville MSA Location with Strong Population Growth – Over 7% in the Last 10 Years

OVERVIEW

The property is secured by an absolute NNN lease to an established Sonic franchisee with approximately seven years remaining and strong store sales featuring percentage rent and a favorable rent-to-sales ratio. The tenant is backed by a personal guaranty from an experienced 32-unit operator. Located within the growing Nashville MSA, approximately 40 miles east of Nashville, the site benefits from strong population growth, over 106,000 annual visitors, proximity to Interstate 40 (39,464 AADT), and nearby demand drivers including 10 hotels and TriStar Horizon Medical Center, a 157-bed regional hospital affiliated with HCA Healthcare. The functional site includes a drive-thru and outdoor patio seating. In association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed Tennessee Broker #264531

FOR SALE DETAILS

PRICE

$2,507,000 USD

PRICE/SF

$2,047 USD /SF

CAP RATE

6.25%

% 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

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

129M-A-003.00

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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