Sonic
Normal, IL
Key Details
| Price: | $1,522,500 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $91,350 |
| Address: | 302 Greenbriar Drive, Normal, Illinois 61761 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 4/30/2024 |
| Lease Expiration: | 4/29/2044 |
| Lease Term Remaining: | 19 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.83 Acres |
| Building Size: | 1,490 SF |
| Year Built: | 2011 |
NNN Pro is pleased to present the exclusive listing for a Sonic located at 302 Greenbriar Drive, Normal, Illinois 61761. The site consists of roughly 1490 rentable square feet of building space on an estimated 0.83-acre parcel of land. This Sonic is subject to a 20-year Triple Net (NNN) lease, which commenced 4/30/2024. The current annual rent is $91,350 and has scheduled increases of 1.50% Annually.
About the Investment
- Very Profitable Store | Tenant reports strong unit-level performance. Contact agent for more information regarding sales figures and operational strength.
- Strategic Walmart Pad Location | Situated on an outparcel to Walmart, the property benefits from consistent, built-in traffic from one of the nation’s top retail drivers, alongside other national cotenants such as ALDI, CVS, and Kroger.
- Long-Term Absolute NNN Lease with Increases | Newly executed 20-year lease beginning April 2024, featuring 1.50% annual rental increases and zero landlord responsibilities—offering long-term income stability and hedge against inflation.
- Strong Franchisee Guarantee | Backed by Guernsey Holdings LLC, a 15-unit Sonic operator and subsidiary of Guernsey Sonic, a seasoned multi-unit franchisee with over 125+ units across its portfolio.
Key Details
| Price: | $1,522,500 |
|---|---|
| Cap Rate: | 6.00% |
| Annual Rent: | $91,350 |
| Address: | 302 Greenbriar Drive, Normal, Illinois 61761 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 4/30/2024 |
| Lease Expiration: | 4/29/2044 |
| Lease Term Remaining: | 19 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.83 Acres |
| Building Size: | 1,490 SF |
| Year Built: | 2011 |
Talk to the Pros
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Jonathan Eckerd
jeckerd@nnnpro.com
License: AZ: SA663487000
Broker of Record
Brian Brockman
Bang Realty-Illinois, Inc
License: 471020548
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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.