Log In/Sign Up
Your email has been sent.
Sonic 2530 Highway 46 S 1,225 SF Retail Building Dickson, TN 37055 $2,507,000 ($2,046.53/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN Lease to Established Sonic Franchisee with Approximately 7 Years Remaining
- Personal Guaranty from Experienced Operator with 32 Units
- Desirable Nashville MSA Location with Strong Population Growth – Over 7% in the Last 10 Years
- Strong Store Sales with Percentage Rent Included – 7.00% Rent-to-Sales Ratio
- Sonic is the Largest Drive-In Restaurant Brand in the U.S. with Over 3,500 Locations in 45 States
Executive Summary
The property is secured by an absolute NNN lease to an established Sonic franchisee with approximately seven years remaining and strong store sales featuring percentage rent and a favorable rent-to-sales ratio. The tenant is backed by a personal guaranty from an experienced 32-unit operator. Located within the growing Nashville MSA, approximately 40 miles east of Nashville, the site benefits from strong population growth, over 106,000 annual visitors, proximity to Interstate 40 (39,464 AADT), and nearby demand drivers including 10 hotels and TriStar Horizon Medical Center, a 157-bed regional hospital affiliated with HCA Healthcare. The functional site includes a drive-thru and outdoor patio seating.
In association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed Tennessee Broker #264531
In association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed Tennessee Broker #264531
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,225 SF
Building Class
B
Year Built
2007
Price
$2,507,000
Price Per SF
$2,046.53
Cap Rate
6.25%
NOI
$156,669
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.99 AC
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 129M-A-003.00 | Improvements Assessment | $0 |
| Land Assessment | $282,000 | Total Assessment | $282,000 |
Property Taxes
Parcel Number
129M-A-003.00
Land Assessment
$282,000
Improvements Assessment
$0
Total Assessment
$282,000
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Sonic | 2530 Highway 46 S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.