$2,770,592 USD
866-889-0550
4936 N Linder Rd
Meridian, ID 83646
Northwest Meridian
HIGHLIGHTS
- Offered at $2,886,033, yielding a 6.00% cap rate.
- There are ±9.25 years remaining on the lease, including two 5-year options to extend with 10% rental increases every 5 years.
- Operated by The Merritt Group, a system-leading operator with over 180 units in 8 states and 6,000 employees.
- Rare Sales Reporting Location: Sales reported monthly & annually by franchisee, providing an investor with transparency on health of business
- ±2,308 SF building situated on a ±0.94-acre parcel with over 160 feet of frontage and excellent visibility.
- 2015 build-to-suit construction for Sonic Drive-In. The property has a concrete parking lot with 54 parking spaces.
FOR SALE DETAILS
PRICE
$2,770,592 USD
PRICE/SF
$1,046 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sonic
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.94 AC
LAND SF
40,946 SF
ZONING
C-G
APN/PARCEL ID
R1527290012
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866-889-0550
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