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$ 2,356,000
Est. payment | /mo
1,412 SqFt
$ 2,356,000
Est. payment | /mo
1,412 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,412 sqft
Price per Sqft $1,668
MLS Listing ID A11911235
HOA Y/N No
Lot Size 0.810 Acres
Property Sub-Type Retail
Property Description
Berlin Group is pleased to present this Sonic-leased property in Lake City, comprising approx. 1,412 square feet with a drive-thru lane and multiple covered carhop stalls. The property benefits from prime frontage along SW Main Boulevard, the market's main commercial corridor with excellent visibility and traffic counts of roughly 20,000 vehicles per day.
This Sonic has over 16 years remaining on an Absolute NNN lease with a top-200 franchisee, one of the brand's most successful operators, providing investors with long-term, stable cash flow and truly passive ownership. The current annual rent is approx. $130K and is scheduled to increase by 7% in January 2027 followed by subsequent increases every five years.
This Sonic has over 16 years remaining on an Absolute NNN lease with a top-200 franchisee, one of the brand's most successful operators, providing investors with long-term, stable cash flow and truly passive ownership. The current annual rent is approx. $130K and is scheduled to increase by 7% in January 2027 followed by subsequent increases every five years.
Location
State FL
County Other
Area 5940 Florida Other
Exterior
Private Pool Yes
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11911235
Listed by Berlin Group