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Sonic 601 N Central Ave 1,264 SF Retail Building Avondale, AZ 85323 $1,500,000 ($1,186.71/SF) 6.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease: The property has an absolute NNN lease, eliminating all landlord responsibilities, including taxes, insurance, and ma
- Strong Operating History: The site has functioned continuously as a Sonic Drive-In for 48+ years, underscoring the location’s long-term viability and
- Strategic Location Near Phoenix: Positioned in the Phoenix metropolitan area, the property leverages access to one of the fastest-growing major market
- Established Franchise Operator: The tenant, SW Karma, LLC, is a proven Sonic Drive-In franchisee operating 28+ locations across the region. The Merrit
- Robust Demographic Growth: The surrounding area has a population of ±209,886 within a ±5-mile radius. The ±3-mile radius has experienced a historical
EXECUTIVE SUMMARY
David Harrington
License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(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 | 500-18-034G | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $45,782 |
PROPERTY TAXES
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Sonic | 601 N Central Ave
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