Sonic - White House
417 Highway 76 White House , TN 37188-9202

Sonic - White House - retail for sale

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Overview


Single-tenant Sonic fast food restaurant for sale in growing, affluent suburb of White House, located 20 miles north of Nashville. Positioned along Highway 76 and close to the major retail corridor that includes Kroger, Walmart, Walgreens and more. This Sonic is the only location in White House and serves a population of over 16,000 in a 3-mile radius.

Investment highlights


  • Fee simple interest
  • 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
General
Property type Retail
Tenure type Sale/Purchase
Property address 417 Highway 76, White House, TN 37188-9202
Land in acres 0.89
Building size 1,350  ft2
Year built 1993
Financial
Price $1,296,581
Cap rate 6.20%
Current NOI $80,388.00
Lease
Tenant's name Sonic Restaurants, Incorporated
Guarantor SONIC Corporation
Lease type NNN
Annual rent $80,388.00
Lease expiration date 10/31/2026
Remaining term 6.9Yrs

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