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Sonic 4307 N Sterling Ave 1,616 SF 100% Leased Retail Building Peoria, IL 61615 $2,368,333 ($1,465.55/SF) 6% Cap Rate
Investment Highlights
- Very Profitable Store
- Long-Term Absolute NNN Lease with Increases
- Proximity to Major Retail Anchors
- Strong Franchisee Guarantee
Executive Summary
Surmount is pleased to present the exclusive listing for a Sonic located at 4305 North Sterling Avenue, Peoria, IL 61615. The site consists of roughly 1,616 rentable square feet of building space on an estimated 0.63-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 12/18/2024. The current annual rent is $142,100 and has scheduled increases of 1.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
1,616 SF
Year Built
2025
Price
$2,368,333
Price Per SF
$1,465.55
Cap Rate
6%
NOI
$142,100
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
0.54 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-19-379-004 | Improvements Assessment | $84,570 |
| Land Assessment | $68,930 | Total Assessment | $153,500 |
Property Taxes
Parcel Number
14-19-379-004
Land Assessment
$68,930
Improvements Assessment
$84,570
Total Assessment
$153,500
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Sonic | 4307 N Sterling Ave
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