Sonic Drive-In | 107 Compromise Ct
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Sonic Drive-In 107 Compromise Ct
1,500 SF Retail Building Phenix City, AL 36870 £1,898,353 (£1,266/SF) 6% Net Initial Yield
Investment Highlights
- ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES
- 17+ YEARS OF REMAINING LEASE TERM PLUS (4) 5-YEAR OPTIONS
- OUTPARCEL TO NEWLY DEVELOPED WALMART NEIGHBORHOOD MARKET
- GUARANTEED BY 70+ UNIT OPERATOR WITH $18 MILLION+ PERSONAL NET WORTH
- SCHEDULED 10% RENT INCREASES EVERY 5 YEARS AND AT THE START OF EACH OPTION
- TRAFFIC COUNTS OF 24,500+ VEHICLES PER DAY
Executive Summary
Located directly adjacent to a Walmart Neighborhood Market, the property is part of a new development that is home to several national tenants, including Dollar Tree, Popeyes Louisiana Kitchen, Taco Bell and a Snappy’s Express Car Wash. The site is across the street from Ladonia Elementary School, the Ladonia Volunteer Fire Department, and the Ladonia Youth Sports complex, which features a football field and three baseball diamonds. The property sits on US Route 80, a major east-west highway that traverses the entire state of Alabama and ends in Dallas, Texas. More than 24,000 vehicles per day pass the property, which has excellent visibility and benefits from a dedicated turning lane into the development from Route 80. The site is located just seven miles west of Columbus, Georgia, which is the third-largest city in Georgia and is home to more than 325,000 residents.
The property is operated by a 70-unit franchisee that has been named Sonic’s Franchisee of the Year several times, and the lease is guaranteed personally by the franchise operator, who has a personal net worth greater than $18 Million.
The property is operated by a 70-unit franchisee that has been named Sonic’s Franchisee of the Year several times, and the lease is guaranteed personally by the franchise operator, who has a personal net worth greater than $18 Million.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,500 SF
Building Class
C
Year Built
2022
Price
£1,898,353
Price Per SF
£1,266
Net Initial Yield
6%
NOI
£113,813
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
0.71 AC
Zoning
PD - Planned Development
Parking
25 Spaces (16.67 Spaces per 1,000 SF Leased)
Frontage
365 ft on U.S. 80
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04-06-13-02-001-001.002 | Improvements Assessment | £0 (2023) |
| Land Assessment | £92,620 (2023) | Total Assessment | £92,620 (2023) |
PROPERTY TAXES
Parcel Number
04-06-13-02-001-001.002
Land Assessment
£92,620 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£92,620 (2023)
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Sonic Drive-In | 107 Compromise Ct
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