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Strong
Franchisee Guaranty
Absolute NNN
Lease
Rent Increases
10% Every 5 Years
Annualized Traffic Count
74.7 Million
Located Along
Florida's Space Coast
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.
Frontage Along Cheney Highway | 20,465 VPD | 74.7 Million Annualized Traffic Count The Property benefits from frontage along Cheney Highway, which sees 20,465 vehicles per day, which translates to an annual traffic count of 74.7 million.
Titusville Retail Hub for Surrounding Area | Growing Commercial and Residential Area | Almost 70 Building Permits and 5,800 Residences Approved The Property is located within the downtown of Titusville, which serves as a retail hub not only for the city, but its surrounding rural and agricultural area. There is very little retail on the outskirts of Titusville, leading anyone in residential suburbs to downtown Titusville for commercial needs. Additionally, according to the Chamber of Commerce, there are an estimated 68 building permits underway for the city of Titusville and an estimated 5,800 residences permitted and approved for construction.
Florida's Space Coast | Almost 20,000 Annual Direct Jobs in Immediate Area Located along "Florida's Space Coast," the Property is near Cape Canaveral Air Force Station (10,400 employees), Boeing Company (over 2,700 employees), and L3Harris Technologies (6,800 employees).
Income Tax-Free State With the Property being located in Florida, investors can enjoy the investment residing in a income tax-free state.
Space Coast Innovation Park Approved | Over 900 Jobs to Be Created The Titusville-Cocoa Airport Authority has received a $5.8 million state grant to create a 1.4 million square foot industrial park for high-tech space and aerospace companies to expand and locate. State officials estimate that the future Space Coast Innovation Park will create more than 900 jobs, significantly increasing both traffic and population to the Titusville area. The project will occur in three phased and create an industrial spaceport complex over 100 acres of land in Titusville.
2 Miles from Titusville Resort & Destination Development | Over 300 Residences and 150 Hotel Rooms Underway Titusville Resort & destination is a redevelopment mixed use project covering 22 acres along the Indian River coast which will include 240 apartments, 100 assisted senior living and memory care units will full amenities, a five-story Cambria hotel with 153 rooms, and 110,00-square-feet of commercial buildings that will allow for retail, office and medical uses.
Less than 3 Miles from Lockheed Martin Space Systems Titusville The Property is less than 3 miles from the new Lockheed Martin facility in Titusville, which is being used for the assembly of the Orion spacecraft. Lockheed Martin's presence in Titusville, and in nearby Orlando campuses, employs approximately 8,000 people in the regional area.
Less than 4 Miles from Kennedy Space Center Access | Primary NASA and SpaceX Launch Site Sonic is less than 4 miles from the Kennedy Space Center, which serves as one of NASA's and SpaceX's primary launch sites, and is used for NASA training and civilian aircraft.
Exclusively Listed By: Northmarq National Restaurant Group
