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Sonic

Acworth, Georgia

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Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 3497 Baker Road in Acworth, GA. The site will consist of roughly 1,484 rentable square feet of building space on estimated 0.89-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $93,887 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) throughout the base term and in each of the four (4), five (5)-year renewal options.

About the Investment:

  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Franchisee Guarantee from AFG SR OP II, LLC (18 Units)
  • 1.50% Annual Rental Increases Starting Year Six (6)
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

About the Location:

  • Dense Retail Corridor | Surrounded By Publix, Cabela‚Äôs, Walgreens, CVS, Dollar General, Advance Auto Parts, and More
  • Strong Traffic Counts | Baker Rd, Cowan Rd, & Interstate-75 | 16,200, 30,200, & 95,500 Vehicles Per Day, Respectively
  • Robust Demographics | More than 133,000 Individuals Reside within a Five-Mile Radius of the Subject Property
  • Affluent Suburban Community | Average Household Income Exceeds $94,000 within a Three-Miles Radius
  • Located within Direct Proximity to Chattahoochee Technological College |Enrollment Exceeding 13,000 Students
  • Strong Underlying Real Estate | Located Approximately 30-miles Outside of Downtown Atlanta, GA
  • Major Recent and Ongoing Development in Immediate Area | Abbington Manor Apartment Complex | 90+ Units

About the Brand:

  • Sonic Drive-In Opened Their First Restaurant in 1953 and Now Maintains More Than 3,600 Drive-In Restaurants
  • Sonic Continues to Thrive | Maintenance of Strong Real Sales Growth, Industry-Leading Customer Frequency, and High Returns for Stockholders
  • Rated Top QSR Restaurant Chain in 14 States Amidst Covid-19 Pandemic

Key Details

Price:
$1,823,049
Cap Rate:
5.15%
Annual Rent:
$93,887
Address:
3497 Baker Rd, Acworth, Georgia 30101
Property Type:
Net Leased Quick Service Restaurant
Lease Type:
Absolute Triple-Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
1.50% Annually Starting Year Six (6)
Lot Size:
+/- 0.89 Acres
Building Size:
1,484 SF
Year Built:
2000
Tenant:
Sonic

Broker of record

John Leonard

License: 252904


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