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Sonic

Brewton, Alabama

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NNN Pro Group is pleased to present the exclusive listing for the Sonic located at 2082 Douglas Ave, Brewton, AL. The site will consist of roughly 1,307 rentable square feet of building space on estimated 1.11-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 $85,000 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.

About the Investment:

✓ 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
✓ Brand New Construction

Key Details

Price:
$1,416,666
Cap Rate:
6.00%
Annual Rent:
$85,000
Address:
2082 Douglas Ave, Brewton, Alabama
Property Type:
Restaurant - Quick Service
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
9/1/2023
Lease Expiration:
08/31/2043
Lease Term Remaining:
20 Years
Rental Increases:
1.50% Annually Starting Year Two (2)
Lot Size:
1.11 Acres
Building Size:
1,307 SF
Year Built:
2022
Tenant:
Sonic

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Kyle Karsian

License: 10401321452

Broker of record

Brian Brockman

Bang Realty-Alabama, Inc

License: 119315


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