HIGHLIGHTS
- Absolute Triple Net (NNN) Lease: The property has an absolute NNN lease, eliminating all landlord responsibilities, including taxes, insurance, and ma
- Established Franchise Operator: The tenant, SW Karma, LLC, is a proven Sonic Drive-In franchisee operating 28+ locations across the region. The Merrit
- Strong Operating History: The site has functioned continuously as a Sonic Drive-In for 48+ years, underscoring the location’s long-term viability and
- Robust Demographic Growth: The surrounding area has a population of ±209,886 within a ±5-mile radius. The ±3-mile radius has experienced a historical
- Strategic Location Near Phoenix: Positioned in the Phoenix metropolitan area, the property leverages access to one of the fastest-growing major market
FOR SALE DETAILS
PRICE
$1,500,000 USD
PRICE/SF
$1,187 USD /SF
CAP RATE
6.14%
% 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
1997
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
0.49 AC
LAND SF
21,344 SF
ZONING
C-2
APN/PARCEL ID
500-18-034G
ASK ABOUT THIS PROPERTY
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605-941-3721
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605-941-3721
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