Sonic

Selma, Alabama

NNN Pro Group is pleased to present the exclusive listing for the Sonic located at 2407 N Broad St in Selma, AL . The site will consist of roughly 1,479 rentable square feet of building space on estimated 1.21-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) lease, which commenced on September 1st, 2023. The initial annual rent will be $115,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year two (2) throughout the base term and in each of the four (4), five (5)-year renewal options.

✓ 20-Year Absolute Triple-Net (NNN) Lease
✓ Franchisee Guarantee from Quality Huts Drive-In (+70-units)
✓ 1.50% Annual Rental Increases Starting Year Two
✓ Four (4), Five (5)-Year Tenant Renewal Option Periods