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Sonic 118 Steven B Tanger Blvd 1,725 SF Retail Building Commerce, GA 30529 $1,994,186 ($1,156.05/SF) 7.65% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE – This lease provides zero landlord responsibilities, providing an investor with 100% passive income.
- GROVE CREEK DEVELOPMENT – Recently proposed development project entails nearly 1,200 residential units and almost 340,000 square feet of commercial
- HIGHLY TRAFFICKED LOCATION – The Sonic property is located near the on/off ramp to the I-85 highway, which sees a daily traffic count of ±62,000 VPD
- STRONG BRAND RECOGNITION – With ±3,500 locations across 47 states and U.S. territories, an investor would benefit from Sonic’s national customer base
- RECENT INDUSTRIAL DEVELOPMENT – Recently, PepsiCo opened a 172,000 square foot distribution/warehouse center in Commerce, GA
Executive Summary
Broker of Record
Maxx Baumann
License No. 80041 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Maxx Baumann
License No. 80041 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,725 SF
Building Class
C
Year Built
2004
Price
$1,994,186
Price Per SF
$1,156.05
Cap Rate
7.65%
NOI
$152,555
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.09 AC
Zoning
C2 - Commercial
Parking
42 Spaces (24.35 Spaces per 1,000 SF Leased)
Frontage
484’ on STEVEN B TANGER BLVD
Nearby Major Retailers
Property Taxes
| Parcel Number | B54D052 | Improvements Assessment | $221,179 |
| Land Assessment | $176,400 | Total Assessment | $397,579 |
Property Taxes
Parcel Number
B54D052
Land Assessment
$176,400
Improvements Assessment
$221,179
Total Assessment
$397,579
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Sonic | 118 Steven B Tanger Blvd
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