10515 Mission Gorge Rd
Santee, CA 92071
Sonic · Retail Property For Sale

9 Years Remaining | Rental Increases | Franchisee Guaranteed • The tenant, D&M Investment Partners, Inc. dba Sonic Drive-In, has 9 years remaining in the initial term with 4 (5-year) option periods to extend • 12% rental increase in 2023 and various increases at the beginning of each option period • Franchisee guaranteed by D&M Investment Partners, Inc. (15-Unity Entity), an experienced San Diego County Operator Absolute NNN | Ground Lease | Zero Landlord Responsibilities • Tenant pays for maintenance, taxes, and insurance • No landlord responsibilities • Ideal, management-free investment for an out-of-state, passive investor Near Heavily Traveled Intersection | State Highway 52 (77,000 VPD) | State Highway 67 (60,000 VPD) • Near the highly traveled intersection of Mission Gorge Road and N. Magnolia Avenue, averaging 58,000 vehicles per day • Within 0.5 miles of both State Highway 67 (60,000 VPD) and State Highway 52 (77,000 VPD) Drive-In & Drive-Thru Feature | Equipped With Monument Sign • The property features a drive-thru window, 23 traditional Sonic drive-in stalls, and 2 patio stalls, providing ease and convenience to customers • The site has a large monument sign which provides excellent visibility Dense Retail Corridor | Santee Town Center (626,400 SF) | Santee Trolley Square (443,000 SF) • Sonic is located down the street from Santee Town Center (626,400 SF), a power center anchored by Costco, The Home Depot, Kohl’s, Lowe’s and Wal-Mart • Additionally, the asset is within close proximity to Santee Trolley Square (443,000 SF), a shopping centered anchored by Target, Bed Bath & Beyond, and T.J. Maxx • Other nearby national/credit tenants include Vons, Office Depot, Michael’s, O’Reilly Auto Parts, Dollar Tree, and more • Increases consumer draw to the subject property Demographics In 5-Mile Trade Area • The 5-mile trade area is supported by a population of more than 272,900 residents and 92,000 employees • The 1-mile subject area boasts an average household income of $93,138