Sonic Drive-In 

852 North Pine Street | Gramercy, LA 70052

Contact Brokers

James Garner
Senior Investment Advisor
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

Jim Shiebler

Vice President Investments

Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780

Highlights

  • New 20-year NNN Lease - No Landlord Responsibilities

  • 2018 Sonic Operator of the Year

 

  • Prime Location in Southern Louisiana Where Sonic Drive-In Thrives as a Tenant

Description

This property is offered with a 20-year NNN lease in place, allowing for an investor to enjoy long-term passive income with no landlord responsibilities. Guaranteed by a growing regional franchisee this investment creates a truly passive investment for wealth preservation or legacy planning.

North Florida Restaurant Group is a rapidly growing franchisee of Sonic Drive-In and Slim Chickens throughout the southeast United States. With four Sonic locations currently operated, two Slim Chickens opening in 2020 and plans to grow to over 50 units in the next three years, the operators hold the following achievements: 2018 Sonic Operator of the Year, 2018 Multi-Unit Sonic Operator of the Year, 2018 Sonic Store Avg. $1.65 MM and over 19 years of experience in the Sonic system.

Location

The Property benefits from a prime location in Southern Louisiana where Sonic Drive-In thrives as a tenant. This location benefits from great exposure and visibility, and numerous credit tenants surrounding the subject property. This allows for great synergy between the neighboring retail developments and the subject property. The Property located in the heart of town and surrounded by numerous neighborhoods of single-family homes, giving the property an extremely strong demand base within a 1-mile radius.

Chris Shaheen

License: BROK.0095692662-ACT
Tel: (225) 376-6750
Fax: (225) 376-6710

© 2020 Medefind Retail. All Rights Reserved