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Sonic

Woodstock, Georgia

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INVESTMENT SUMMARY
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

Key Details

Price:
$1,727,273
Cap Rate:
5.50%
Annual Rent:
$95,000
Address:
11960 Alabama Road, Woodstock, Georgia 30188
Property Type:
Net Leased Casual Dining Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Term Remaining:
20.0 Years
Lot Size:
0.78 Acres
Building Size:
1,603 SF
Tenant:
Sonic

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

James Westerberg

License: 10401304686

John Winslow

License: 10401334977

Broker of record

John Leonard

License: 252904


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