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Sonic 6398 Calhoun Memorial Hwy 1,557 SF Retail Building Easley, SC 29640 $3,162,000 ($2,030.83/SF) 5.85% Cap Rate
Investment Highlights
- 20-Year Sale-Leaseback | Experienced Operator (200+ Units) | Options To Extend | Scheduled Rental Increases | Top-Performing Sonic
- Prime Retail Corridor | Proximity To Major Shopping Centers
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru retail investment property operated by an experienced QSR franchisee. The lease is guaranteed by SOAR QSR, a 200+ unit operator and the third largest Sonic franchisee. At close of escrow, the tenant will execute a new 20-year lease with four (4) 5-year renewal options, demonstrating long-term commitment to the site. This store is ranked in the top 79th percentile nationwide and top 84th percentile in South Carolina per Placer.ai. The lease features 10% rental increases every five years and at the start of each option period, supporting NOI growth and providing a built-in hedge against inflation. The lease is structured as absolute NNN with zero landlord responsibilities. The tenant is responsible for CAM, taxes, insurance, and all maintenance, making this an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
1,557 SF
Building Class
B
Year Built
2002
Price
$3,162,000
Price Per SF
$2,030.83
Cap Rate
5.85%
NOI
$185,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.51 AC
Zoning
GC - General Commercial
Parking
23 Spaces (14.77 Spaces per 1,000 SF Leased)
Frontage
86’ on Calhoun Memorial Hwy
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 5029-18-41-9500 | Improvements Assessment | $17,250 |
| Land Assessment | $31,050 | Total Assessment | $48,300 |
Property Taxes
Parcel Number
5029-18-41-9500
Land Assessment
$31,050
Improvements Assessment
$17,250
Total Assessment
$48,300
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Sonic | 6398 Calhoun Memorial Hwy
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