395 Charlie Smith SR Hwy - Fast Food FOR SALE


Saint Marys, GA 31558
$2,306,357 USD
781-776-4003
395 Charlie Smith SR Hwy, Saint Marys, GA for Sale
$2,306,357 USD
Fast Food - FOR SALE
1/5
null | 6.5% Cap Rate

395 Charlie Smith SR Hwy
Saint Marys, GA 31558


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Experienced Operator
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Sonic located at 395 Charlie Smith Sr Highway in St. Mary’s, GA (the “Property”). Sonic signed a long-term, 20-year lease in 2022 that currently has over 16 years of term remaining and is followed by two (2), 5-year options. The lease calls for attractive 7% rent increases every five years throughout the base term and at the beginning of each renewal option. Sonic is well located along Charlie Smith Sr Highway, a primary commuter corridor connecting downtown St. Marys with surrounding residential neighborhoods and community amenities. The Property offers strong frontage, visibility, and access, and is near a mix of national retailers and local employers that generate steady traffic in the area. It is positioned close to Kings Bay Village Shopping Center at Osborne Road, which anchors St. Mary’s primary retail trade area, and benefits from proximity to Naval Submarine Base Kings Bay, Georgia-Pacific Corporation, and St. Mary’s Middle School. St. Mary’s is situated on the southern border of Camden County, 30 miles north of Jacksonville, Florida.

FOR SALE DETAILS

PRICE

$2,306,357 USD

PRICE/SF

$1,780 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C

APN/PARCEL ID

135F-021

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

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