1600 N Park Blvd
Pittsburg, CA 94565
20 Year NNN Sonic Drive-In · Retail Property For Sale

A sale/leaseback Sonic with drive thru in Pittsburg, California. Pittsburg is located approximately 40 miles east of San Francisco and 30 miles east of Berkeley/Oakland. The subject property is located off Highway 4 - the major east-west highway serving over 115,000 vehicles a day. Los Medanos Community College is located less than one mile from the subject property with an average annual enrollment of over 9,000. At closing, the tenant will execute a 20-year absolute net lease with 10% rental increases every 5 years providing a reliable long term income stream to the investor. The guarantor is an experienced multi-concept franchisee that has over 25 other restaurants under the Popeyes, Black Bear Diner, Sonic, and Twin Peaks flags. The lease includes a strong personal guarantee and a sales reporting provision providing for transparency and security to a new owner.