Sonic Drive-In has a brand new 15 year Absolute NNN lease with 7.0% rental escalations every 5 years and three 5 year renewal options. This property has 2 lease guarantors, RLGH Holdings, LLC and ACW Holdings, LLC, together having a combined 15 unit guaranty with experienced Sonic Franchisee. Sonic has been open for business since 2003 with an attractive 8.10% rent to sales ratio and was recently remodeled in 2017 with refaced canopies/building and LED lighting, costing the tenant approximately $125,000.
Sonic is located in Winder, Georgia, in a high profile location on the hard corner. The property sits in an infill location downtown on the main retail corridor just one block off the busiest intersection in the market. Sonic is 2 miles from Northeast Georgia Medical Center Barrow. Nearby retailers include Publix Super Market, CVS Pharmacy, Rite Aid, Walgreens, O’Reilly Auto Parts, Advance Auto Parts, ALDI, Ace Hardware & Lumber Center, Save-A-Lot, Goodwill, Cato, Bealls Outlet, Rent-A-Center, Dollar General, Ingles Markets, Walmart, Tractor Supply Co., etc.
*In Association With: Summit Real Estate