107 Compromise Ct - Fast Food FOR SALE


Phenix City, AL 36870
$2,368,500 USD
310-387-7042
107 Compromise Ct, Phenix City, AL for Sale
$2,368,500 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

107 Compromise Ct
Phenix City, AL 36870


HIGHLIGHTS

  • ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES
  • GUARANTEED BY 70+ UNIT OPERATOR WITH $18 MILLION+ PERSONAL NET WORTH
  • 17+ YEARS OF REMAINING LEASE TERM PLUS (4) 5-YEAR OPTIONS
  • SCHEDULED 10% RENT INCREASES EVERY 5 YEARS AND AT THE START OF EACH OPTION
  • OUTPARCEL TO NEWLY DEVELOPED WALMART NEIGHBORHOOD MARKET
  • TRAFFIC COUNTS OF 24,500+ VEHICLES PER DAY

OVERVIEW

Located directly adjacent to a Walmart Neighborhood Market, the property is part of a new development that is home to several national tenants, including Dollar Tree, Popeyes Louisiana Kitchen, Taco Bell and a Snappy’s Express Car Wash. The site is across the street from Ladonia Elementary School, the Ladonia Volunteer Fire Department, and the Ladonia Youth Sports complex, which features a football field and three baseball diamonds. The property sits on US Route 80, a major east-west highway that traverses the entire state of Alabama and ends in Dallas, Texas. More than 24,000 vehicles per day pass the property, which has excellent visibility and benefits from a dedicated turning lane into the development from Route 80. The site is located just seven miles west of Columbus, Georgia, which is the third-largest city in Georgia and is home to more than 325,000 residents. The property is operated by a 70-unit franchisee that has been named Sonic’s Franchisee of the Year several times, and the lease is guaranteed personally by the franchise operator, who has a personal net worth greater than $18 Million.

FOR SALE DETAILS

PRICE

$2,368,500 USD

PRICE/SF

$1,579 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic Drive-In

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

PD

APN/PARCEL ID

04-06-13-02-001-001.002

ASK ABOUT THIS PROPERTY

Adam CohenMarcus & MillichapMore Info
310-387-7042

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Adam CohenMarcus & MillichapMore Info
310-387-7042

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.