Retail

SONIC (Ground Lease)

LaGrange, Georgia

Asking Price

$1,821,428

Cap Rate

5.25%

Expenses

Abs. NNN

Year Built

2022

Lease Type

Ground Lease

Icons-_NOI-Square

NOI

$95,625

Rent Increases

10% every 5 years

INVESTMENT HIGHLIGHTS

Corporate Lease | $5.5 Billion in 2023 Sales
Long-Term 20-Year Lease | 18+ Years Remaining Term
Absolute NNN Ground Lease with No Landlord Responsibilities | 10% Rent Increases
Outparcel to LaGrange Mall | 1.8+ Million Annual Visits | Bustling Retail Corrido

Access from LaFayette Pkwy (± 24K VPD) | 0.5 Miles from I-85 (± 38K VPD) | Direct Route to Atlanta
Only Sonic Within 20 Miles | Double-Lane Drive-Thru
Georgia International Business Park | 10,000 Acres | Thousands of Workers
Strong Demographics | $79K Average Household Income | 61K Residents

Exclusively Listed By

Anne Perrault

Vice President
aperrault@northmarq.com (918) 794-9538

Ryan Butler

Regional Managing Director
rbutler@northmarq.com
GA Broker License #365122

Brad Moulder

Senior Vice President
bmoulder@northmarq.com

David Annett

Associate Vice President
dannett@northmarq.com

Brandon Sherrill

Senior Associate
bsherrill@northmarq.com

Jacob Ryan

Senior Associate
jryan@northmarq.com

Joe Habighorst

Lead Investment Analyst
jhabighorst@northmarq.com

Cole Surrett

Investment Analyst
csurrett@northmarq.com

Lindsey Vedros

Operations Analyst
lvedros@northmarq.com

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136

northmarq.com