Sonic
Rome, GA
Key Details
| Price: | $1,617,837 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $109,204 |
| Address: | 2470 Shorter Avenue, Rome, Georgia 30165 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 5/23/2022 |
| Lease Expiration: | 5/31/2042 |
| Lease Term Remaining: | 17.4 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.58 Acres |
| Building Size: | 1,566 SF |
| Year Built: | 1994 |
| Year Renovated: | 2020 |
NNN Pro is pleased to present the exclusive listing for a Sonic located at 2470 Shorter Avenue, Rome, Georgia 30165. The site consists of roughly 1566 rentable square feet of building space on an estimated 0.58-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 5/23/2022. The current annual rent is $109,204 and has scheduled increases of 1.50% Annually.
About the Investment
- 1.50% Annual Rental Increases
- Zero Landlord Responsibilities
- Approximately 18 Years Remaining on the Initial Lease Term
- Dense Retail Corridor Walmart, Lowe's, Chick-fil-A, KFC, Applebee's, Outback Steakhouse, Home Depot, Taco Bell, TJ Maxx, IHop, Moe's, Olive Garden and Many More
- Strong Traffic Counts - Over 25,600 and 15,000 Vehicles Per Day Along Shorter Ave NW and Redmond Circle, Respectively
- Five Elementary Schools Located within Two-Mile Radius | Over 2,900 Students Enrolled
Key Details
| Price: | $1,617,837 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $109,204 |
| Address: | 2470 Shorter Avenue, Rome, Georgia 30165 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 5/23/2022 |
| Lease Expiration: | 5/31/2042 |
| Lease Term Remaining: | 17.4 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.58 Acres |
| Building Size: | 1,566 SF |
| Year Built: | 1994 |
| Year Renovated: | 2020 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Richard Nardi
rnardi@nnnpro.com
License: NY: 10401294015
Broker of Record
Brian Brockman
Bang Realty-Georgia, Inc
License: 378952
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.