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Sonic 4936 N Linder Rd 2,308 SF 100% Leased Retail Building Meridian, ID 83646 $2,770,592 ($1,200.43/SF) 6.25% Cap Rate
Investment Highlights
- Offered at $2,886,033, yielding a 6.00% cap rate.
- Operated by The Merritt Group, a system-leading operator with over 180 units in 8 states and 6,000 employees.
- ±2,308 SF building situated on a ±0.94-acre parcel with over 160 feet of frontage and excellent visibility.
- There are ±9.25 years remaining on the lease, including two 5-year options to extend with 10% rental increases every 5 years.
- Rare Sales Reporting Location: Sales reported monthly & annually by franchisee, providing an investor with transparency on health of business
- 2015 build-to-suit construction for Sonic Drive-In. The property has a concrete parking lot with 54 parking spaces.
Executive Summary
Kyle Matthews
License # CO56879 (ID)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Sonic Drive-In is an American drive-in fast-food chain founded in 1953 in Shawnee, Oklahoma. The company grew from a small root beer stand originally known as Top Hat before adopting the Sonic name in 1959. Over the decades, it expanded across the United States with a model centered on car-based ordering and service. Sonic became known for its extensive drink options, customizable menu items, and the use of carhops for food delivery. The brand continues to operate as a subsidiary of Inspire Brands, a restaurant holding company that acquired it in 2018. Sonic maintains its headquarters in Oklahoma City, where corporate operations and brand management are based. The company remains privately held under Inspire Brands and continues to oversee a national franchise system.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | R1527290012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,084,200 |
Property Taxes
Presented by
Sonic | 4936 N Linder Rd
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