Retail    

SONIC (Ground Lease)

 LaGrange, Georgia

Asking Price

$1,821,428

Cap Rate

5.25%

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Expenses

Abs. NNN

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Year Built

2022

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Lease Type

Ground Lease

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NOI

$95,625

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Rent Increases

10% every 5 years

For more details on this exclusive listing

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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   

Joe Habighorst

Lead Investment Analyst
  jhabighorst@northmarq.com   

Lindsey Vedros

Operations Analyst
  lvedros@northmarq.com   

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