SONIC | 1509 Lafayette Pky
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SONIC 1509 Lafayette Pky
1,227 SF Retail Building Lagrange, GA 30241 £1,425,176 (£1,162/SF) 5.25% Net Initial Yield
Investment Highlights
- Corporate Lease | $5.5 Billion in 2023 Sales
- Absolute NNN Ground Lease with No Landlord Responsibilities | 10% Rent Increases
- Access from LaFayette Pkwy (± 24K VPD) | 0.5 Miles from I-85 (± 38K VPD) | Direct Route to Atlanta
- Long-Term 20-Year Lease | 18+ Years Remaining Term
- Outparcel to LaGrange Mall | 1.8+ Million Annual Visits1 | Bustling Retail Corridor
- Only Sonic Within 20 Miles | Double-Lane Drive-Thru
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
1,227 SF
Building Class
B
Year Built
2022
Price
£1,425,176
Price Per SF
£1,162
Net Initial Yield
5.25%
NOI
£74,822
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
0.84 AC
Zoning
Commercial
Nearby Major Retailers
1 of 5
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SONIC | 1509 Lafayette Pky
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