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Sonic 2082 Douglas Ave 1,307 SF Retail Building Brewton, AL 36426 $1,381,214 ($1,056.78/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Long-Term Lease
- Attractive Annual Rental Increases
- Strong Franchisee Guarantee
- Strong Retail Synergy
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Sonic located at 2082 Douglas Ave, Brewton, AL 36426. The site consists of roughly 1,307 rentable square feet of building space on an estimated 1.11-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2025. The current annual rent is $79,420 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,307 SF
Year Built
2022
Price
$1,381,214
Price Per SF
$1,056.78
Cap Rate
5.75%
NOI
$79,420
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.11 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-05-16-2-006-011.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $61,340 |
PROPERTY TAXES
Parcel Number
15-05-16-2-006-011.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$61,340
CONTACTS
-
Glen Kunofsky -
Kyle Karsian -
Patrick Finn -
Walker Stevens -
Christopher Marks -
Surmount
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Sonic | 2082 Douglas Ave
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