1800 S Washington St
Grand Forks, ND 58201
Sonic · Retail Property For Sale

INVESTMENT HIGHLIGHTS: PROPERTY DETAILS Absolute NNN Lease – ZERO Landlord Responsibilities – Ideal for 1031 exchange Strategic Design – Built recently in 2017, this property benefits from a drive-thru, rare indoor seating, and iconic carhop drive-in spots for customers. High Performing Store – The sales volume of this location is 69% higher than the national average for franchisee operated Sonic locations. Hedge Against Inflation – Lease contains 10% rental increases every five (5) years Experienced franchisee – see broker for details LOCATION Close Proximity to Major University – Subject property is located only 1.50 miles away from University of North Dakota Excellent Visibility – Property sits on the exit corner of S Washington St and 19th Ave S which boasts approximately 25,480 VPD. Strong Demographics – Located in the heart of Grand Forks, the property benefits from a population of approximately 66,766 people and an average household income of $63,868 in a 5-mile radius TENANT Sonic Corp, is the largest chain of drive-in restaurants in the United States with over 3,606 Sonic Drive-Ins in 45 states. Inspire Brands is now the fifth-largest restaurant company in the United States with more than 8,300 restaurants and generates annual systemwide sales in excess of $12 billion, now operating iconic Sonic, Arby’s, Buffalo Wild Wings, and Rusty Taco.