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Sonic 14171 N Highway 231/431 1,490 SF Retail Building Hazel Green, AL 35750 $1,933,000 ($1,297.32/SF) 6.50% Cap Rate
Investment Highlights
- Absolute NNN Lease to Established Sonic Franchisee with Approximately 7 Years Remaining
- Personal Guaranty from Experienced Operator with 32 Units
- Strong, Growing Huntsville Suburb Location ~15 Miles Outside of the City
- Strong Store Sales with Percentage Rent Included – 7.02% Rent-to-Sales Ratio
- Sonic is the Largest Drive-In Restaurant Brand in the U.S. with Over 3,500 Locations in 45 States
- Close Proximity to Hazel Green High School & Elementary School
Executive Summary
The property is secured by an absolute NNN lease to an established Sonic franchisee with approximately seven years remaining and a personal guaranty from an experienced 32-unit operator. The site benefits from strong store sales with percentage rent included and a favorable rent-to-sales ratio. Located in a growing Huntsville suburb along U.S. Route 431 (27,408 AADT), the property is near the new 370-acre Townsend Place development and close to Hazel Green schools. The functional site includes a drive-thru and outdoor patio seating.
This property is listed in conjunction with Alabama-licensed real estate broker Thomas Newton.
This property is listed in conjunction with Alabama-licensed real estate broker Thomas Newton.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,490 SF
Building Class
C
Year Built
2005
Price
$1,933,000
Price Per SF
$1,297.32
Cap Rate
6.50%
NOI
$125,622
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.60 AC
Frontage
44’ on U.S. 231
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-07-25-0-001-004.002 | Improvements Assessment | $73,060 |
| Land Assessment | $42,240 | Total Assessment | $115,300 |
Property Taxes
Parcel Number
04-07-25-0-001-004.002
Land Assessment
$42,240
Improvements Assessment
$73,060
Total Assessment
$115,300
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Sonic | 14171 N Highway 231/431
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