Sonic - Centerville

729 Highway 100 Centerville , TN 37033-1200

Sonic - Centerville - retail for sale

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Overview



Single-tenant Sonic fast-food restaurant for sale, strategically located along Highway 100 in a Dollar Tree-anchored shopping center. Property is adjacent to a Quality Inn® by Choice Hotels and in close proximity to a Save-A-Lot, the area’s only major retailer. This location also benefits from limited competition, with only a very few other fast-food restaurants like Subway and McDonald’s. Centerville is part of the Nashville-Davidson-Murfreesboro-Franklin MSA.

Investment highlights


  • Property includes an absolute NNN lease structure with over 7 years of primary term remaining
  • Lease is guaranteed by Sonic Corporation, the nation’s largest drive-in restaurant chain, serving more than 3 million customers a day
  • Zero landlord responsibilities
  • Location falls within the Nashville-Davidson-Murfreesboro-Franklin MSA
General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 729 Highway 100, Centerville, TN 37033-1200
Land in acres 0.57
Building size 1,350  ft2
Year built 1995
Financial
Price $1,140,100
Cap rate 6.20%
Current NOI $70,686.00
Lease
Tenant's name Sonic Restaurants, Incorporated
Guarantor SONIC Corporation
Lease type NNN
Annual rent $70,686.00
Lease expiration date 10/31/2026
Remaining term 7.1Yrs

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