By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.
Strong
Franchisee Guaranty
Absolute NNN
Lease
Frontage Along
Clearlake Road (20,000+ VPD)
Rent Increases
10% Every 5 Years
INVESTMENT HIGHLIGHTS
Top-in-Class Operator The Franchisee is a consistent award winner, ranked #33 in the Franchise Times 200, and operates over 300 QSR units, specifically over 100 Sonic units.
Absolute NNN Lease | No Landlord Responsibilities | 10% Rental Increases Every 5 Years Sonic operates under an Absolute NNN Lease structure, leaving no responsibilities to the Landlord. The Lease also features 10% rental increases every 5 years.
Replaceable Rent The average rent for QSR properties in Florida over the past year was almost $128,000. Sitting at $84,000, this Sonic's current annual rent is 34% below market average.
Frontage Along Clearlake Road | Over 20,000 Vehicles Per Day The Property is located along Clearlake Road, a busy residential street which sees 20,773 vehicles per day, translating to 7.6 million cars per year. Sonic is also near a signalized intersection, giving it greater visibility and accessibility to Clearlake Road.
New Brightline Station for Cocoa Brightline has announced plans to construct a high-speed passenger rail station in Cocoa as part of its Orlando to West Palm Beach route, connecting the city to two of the largest metros in the state of Florida. The company has purchased over 33 acres of land near the "Cocoa Curve," the area that the train's route currently takes, to establish this train station. The station will provide access to state-of-the-art amenities and a train with top speeds of 130 miles per hour, significantly reducing travel times between major Florida cities.
Less than 3 Miles from Cocoa Landing Master Development Cocoa Landing, a 53-acre master plan community, will bring an influx of residents to the area, and additional visits to Sonic. The Cocoa Landing project consists of over 280 townhomes and apartments. The development plans to include larger townhomes with attached garages, as well as apartments with 1, 2 and 3 bedroom units.
Significant Residential Development Nearby | 312 Units at Allegra at Cocoa | Almost 400 Single-Family Homes at Windward Preserve The Cocoa Beach area is seeing significant residential development, as seen by Allegra at Cocoa and Windward Preserve. Allegra at Cocoa, a 312 multi-family housing development will consist of 14 acres to be completed in summer of 2025. The Windward Preserve community will add roughly 400 homes to the area, and will also include a clubhouse, walking trail, dog park, and playground to connect the community.
10 Minutes from New Amazon Fulfillment Center Sonic is approximately 10 minutes from the brand new Amazon Fulfillment Center that has opened in Cocoa, Florida. The over 200,000 square foot fulfillment center is set to employ over 200 people in the first months, specifically local Cocoa residents, driving more traffic from daily commuters.
Income Tax-Free State With the Property being located in Florida, investors can enjoy the investment residing in a income tax-free state.
Exclusively Listed By: Northmarq National Restaurant Group
