312 S Main St - Fast Food FOR SALE
O'Fallon, MO 63366 |
312 S Main St
O'Fallon, MO 63366
HIGHLIGHTS
- Absolute NNN Ground Lease with 18+ Years Remaining plus an additional Four (4) Five (5)-Yr Options | New 20 Year Lease Signed in 2020
- 50+ Unit Guarantee | Experienced & Growing Sonic Franchisee with Strong Financials
- 2% Annual Rental Increases | Strong & Above Market Hedge Against Inflation
- Proven Resiliency | Sonic is Pandemic, E-Commerce, & Recession Resistant | Strong National QSR Brand with Significant Momentum
- Excellent Demographics | Over 123,429 People Reside within 5-Miles of the Subject Property with an Avg. HH Income in Excess of $115,178
- Sonic Acquired by Inspire Brands in 2018 | Inspire Brands Portfolio Includes Arby’s, Dunkin’, Jimmy John's, Buffalo Wild Wings, Baskin, Rusty Taco
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Sonic Drive-In
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
1632
STORIES
1
YEAR BUILT
1997
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
2-056B-6937-00-0001.0000000
