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Sonic 6250 Lake Worth Rd 1,767 SF Retail Building Greenacres, FL 33463 $2,180,000 ($1,233.73/SF) 5.01% Cap Rate



INVESTMENT HIGHLIGHTS
- Absolute Net Lease - Zero Landlord Responsibilities
- Annual 1.5% Rent Increases
- Dense Population - 300,000 people within a 5-mile radius
- Long Term Lease - 15.7 years remaining on the current base term + four, 5-yr options to renew
- Nearly 50,000 Vehicles Per Day
EXECUTIVE SUMMARY
Marcus and Millichap is proud to present the exclusive offering of a fee-simple, absolute net-leased Sonic Drive-In located at 6250 Lake Worth Road in Greenacres, Florida. The property is occupied by a nationally recognized quick-service restaurant with over 15.5 years remaining on a long-term lease featuring 1.5% annual rent increases and four, 5-year renewal options. Positioned along a major commercial corridor with nearly 50,000 vehicles per day, the site benefits from exceptional visibility and dense surrounding retail. Located within the Miami–Fort Lauderdale–West Palm Beach MSA, the asset is supported by strong demographics and a growing population base, offering investors a stable, passive income opportunity backed by a proven tenant.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,767 SF
Building Class
B
Year Built
2008
Price
$2,180,000
Price Per SF
$1,233.73
Cap Rate
5.01%
NOI
$109,314
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.48 AC
Zoning
MUPD
Parking
49 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
151’ on Lake Worth Road
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-42-44-27-32-002-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,582,793 |
PROPERTY TAXES
Parcel Number
18-42-44-27-32-002-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,582,793
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Sonic | 6250 Lake Worth Rd
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