21841 State Highway 59 S
Robertsdale, AL 36567
Sonic Sale-Leaseback · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for the Sonic restaurant located at 21841 Alabama Highway 59 in Robertsdale, Baldwin County, Alabama. The building was constructed in 2001 and Sonic has successfully operated at this location for the past 15 years. The building is 1,482 square feet and is situated on a .80 acre site fronting Alabama Highway 59. The site benefits from traffic counts which exceed 29,000 vehicles per day. Highway 59 is the main North/South thoroughfare which leads to the beaches of the Gulf of Mexico. The operator, MVP Sonic Group, is one of the largest Sonic franchisees in the country, operating 98 units in Alabama, Florida and Mississippi. At Closing, Alabama Sound Investments, Inc., will sign a new 15 year absolute NNN lease with the Buyer. The lease will include rent increases of 10% every 5 years which provides a strong hedge against inflation. The lease will also include 5- five year options also with 10% rent increases. Baldwin County is located just east of Mobile and west of Pensacola, FL on the I-10 corridor, in the Daphne-Fairhope-Foley MSA (the 8th Fastest Growing MSA in the nation, according to the U.S. Census Bureau). It is the fastest growing county in the State with a population of over 200,000. The county has experienced 45% population growth since 2000.