Sonic Drive-In

Sonic Drive-In

Bainbridge, GA

Bainbridge, GA

Sonic Drive-In

Offered for sale is the opportunity to acquire an absolute net lease Sonic Drive-In in Bainbridge, Georgia. The property consists of a 1,554-square-foot, freestanding building that sits on 0.96 acres of land. There are approximately 18 years remaining on the current lease term with 7% increases every five years. Broker of Record for GA: John Leonard, License: 252904, P: (678) 808-2700

Price $2,318,000
Cap Rate 6.25%
Building Size 1,554 sqft
Lot Size 0.96 acres
Year Built 2006
Offering Memorandum

Andy Cepeda

Associate
(972) 755-5138
Andy.Cepeda@marcusmillichap.com
License: TX 806163

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with 18 Years Remaining
  • Located Near Walmart Supercenter and Home Depot and is Positioned at the Intersection of Two Major Highways: Highway 27 and Highway 84 (10,200 VPD)
  • Across from a New Wawa Gas Station Development – One of the First Wawa Locations in Georgia
  • 7 Percent Rent Increases Every 5 Years
  • Tallahassee, FL-Bainbridge, GA CSA Location
  • Long-Term 18-Year Operating History

Andy Cepeda

Associate
(972) 755-5138
Andy.Cepeda@marcusmillichap.com
License: TX 806163

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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