Log In/Sign Up
Your email has been sent.
Sonic Drive-In 706 S Main St 1,404 SF Retail Building Grain Valley, MO 64029 $1,688,947 ($1,202.95/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN with zero landlord responsibilities on a long-term lease with over 9 years remaining
- Soar Restaurants II LLC is part of Soar QSR, a large SONIC franchisee, operating approximately 190 locations across 20 states
- Nearby tenants include Advance Auto, Price Chopper, McDonald’s, Taco Bell, Casey’s, Papa John’s, Burger King, Starbucks, and Culver’s
- 10% increases every 5 years
- Located within the Kansas City MSA with an estimated population of over 2.2 million residents as of 2024
- ±16 miles from the Truman Sports Complex, which houses GEHA Field at Arrowhead Stadium and Kauffman Stadium, home to the NFL’s Chiefs and MLB’s Royals
EXECUTIVE SUMMARY
Retail Investment Group is pleased to offer for sale this Sonic in Grain Valley, Missouri. This opportunity features an absolute NNN lease with more than 9 years remaining. Built in 1997, this Sonic has been operating at this location for approximately 28 years. This ±1,404-square-foot building sits on a ±0.70-acre lot.
Operated by the 3rd Largest Sonic Franchisee with 190+ locations. There are 107 Units in this entity.
Brian Brockman - Broker
Lic: 2017032771
Bang Realty-Missouri Inc
513.898.1551
bor@bangrealty.com
Operated by the 3rd Largest Sonic Franchisee with 190+ locations. There are 107 Units in this entity.
Brian Brockman - Broker
Lic: 2017032771
Bang Realty-Missouri Inc
513.898.1551
bor@bangrealty.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,404 SF
Building Class
B
Year Built
1997
Price
$1,688,947
Price Per SF
$1,202.95
Cap Rate
7.50%
NOI
$126,671
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.70 AC
Frontage
119’ on Main St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 37-820-03-24-00-0-00-000 | Improvements Assessment | $0 |
| Land Assessment | $105,734 | Total Assessment | $105,734 |
PROPERTY TAXES
Parcel Number
37-820-03-24-00-0-00-000
Land Assessment
$105,734
Improvements Assessment
$0
Total Assessment
$105,734
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Sonic Drive-In | 706 S Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.