Log In/Sign Up
Your email has been sent.
Sonic 395 Charlie Smith SR Hwy 1,539 SF Retail Building Saint Marys, GA 31558 $2,306,357 ($1,498.61/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease
- Zero Landlord Responsibilities
- Strategic Retail Location
- Attractive Rent Increases
- Experienced Operator
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Sonic located at 395 Charlie Smith Sr Highway in St. Mary’s, GA (the “Property”). Sonic signed a long-term, 20-year lease in 2022 that currently has over 16 years of term remaining and is followed by two (2), 5-year options. The lease calls for attractive 7% rent increases every five years throughout the base term and at the beginning of each renewal option. Sonic is well located along Charlie Smith Sr Highway, a primary commuter corridor connecting downtown St. Marys with surrounding residential neighborhoods and community amenities. The Property offers strong frontage, visibility, and access, and is near a mix of national retailers and local employers that generate steady traffic in the area. It is positioned close to Kings Bay Village Shopping Center at Osborne Road, which anchors St. Mary’s primary retail trade area, and benefits from proximity to Naval Submarine Base Kings Bay, Georgia-Pacific Corporation, and St. Mary’s Middle School. St. Mary’s is situated on the southern border of Camden County, 30 miles north of Jacksonville, Florida.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,539 SF
Building Class
C
Year Built
1999
Price
$2,306,357
Price Per SF
$1,498.61
Cap Rate
6.50%
NOI
$149,913
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.90 AC
Zoning
C - Commercial
Frontage
100’ on Charlie Smith Sr Hwy
AMENITIES
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 135F-021 | Improvements Assessment | $179,442 |
| Land Assessment | $28,800 | Total Assessment | $208,242 |
PROPERTY TAXES
Parcel Number
135F-021
Land Assessment
$28,800
Improvements Assessment
$179,442
Total Assessment
$208,242
CONTACTS
-
Robert Horvath -
Todd Tremblay -
Brad Canova -
Leigh Barcamonte -
Horvath & Tremblay
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Sonic | 395 Charlie Smith SR Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.