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Sonic Drive-In | Ulysses, KS 451 E Oklahoma Ave 1,466 SF Retail Building Ulysses, KS 67880 $1,196,200 ($815.96/SF) 6% Cap Rate
Investment Highlights
- 6-UNIT SONIC PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)
- CONSERVATIVE RENT TO SALES RATIO
- STRATEGIC LOCATION
- 20-YEAR ABSOLUTE TRIPLE NET (NNN) LEASES
- EXPERIENCED OPERATOR
Executive Summary
PRICING: $1,196,200
CAP RATE: 6.00%
NOI: $71,772
LEASE TERM: 20 YEARS
INCREASES: 10% EVERY 5 YEARS
6-UNIT PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)
CAP RATE: 6.00%
NOI: $71,772
LEASE TERM: 20 YEARS
INCREASES: 10% EVERY 5 YEARS
6-UNIT PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,466 SF
Year Built
2000
Price
$1,196,200
Price Per SF
$815.96
Cap Rate
6%
NOI
$71,772
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.36 AC
Frontage
160’ on Oklahoma Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 1,466 SF
- -
- Triple Net
- -
Sonic Drive-In began as a small root beer stand in Shawnee, Oklahoma, and later adopted the SONIC name after early locations were established in the 1950s. The company built its identity around drive-in service, carhop delivery, and made-to-order food, with a menu centered on burgers, hot dogs, chicken, breakfast items, sides, desserts, and fountain drinks. Sonic Drive-In is now part of the Inspire Brands family of restaurants and continues to operate as a major drive-in restaurant brand in the United States. The business also supports mobile ordering, app-based rewards, and participating-location pickup through its digital platform.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 1,466 SF | - | Triple Net | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0683401014001000 | Improvements Assessment | $74,865 |
| Land Assessment | $6,778 | Total Assessment | $81,643 |
Property Taxes
Parcel Number
0683401014001000
Land Assessment
$6,778
Improvements Assessment
$74,865
Total Assessment
$81,643
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