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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

Starbucks
South State Bank
Chicken Salad Chick
IHOP
Cracker Barrel Old Country Store
Waffle House
Longhorn Steakhouse
PNC Bank
Herc Rentals
  • Listing ID: 32121981

  • Date on Market: 13/06/2024

  • Last Updated:

  • Address: 1509 Lafayette Pky, Lagrange, GA 30241

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