Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 11960 Alabama Road, Woodstock, GA. The site will consist of roughly 1,603 rentable square feet of building space on estimated 0.78-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 $95,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) of the base term and into each of the four (4), five (5)-year renewal options.
✓ 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