Sonic Crystal River Fl — Sale in Sonic | Crystal River, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Sonic | Crystal River, FL 34429

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Lease - Fresh 15-year base term - 2% annual rental increases - NNN – No Landlord Responsibilities - Two, 5- Year Options - Blended CAP over base term – 6.92% Low Rent QSR - Tenant is paying $95,676 per year, significantly lower than the average rent for a QSR in Florida Recent Renovation - Store was completely renovated in 2021 - With both stalls and a drive thru, this Sonic Drive-In location is positioned to handle significant guest volume. Crystal River, FL - Located on a signalized intersection of US Hwy 19, which sees 22,500 cars per day! - Located in the heart of Crystal River, FL - Solid demographics (Population Density & Household Income) that are linear with target customer. - Surrounded by national retailers including: McDonald’s, Home Depot, Chili’s, ALDI, Wells Fargo, Bank of America, Starbucks, Wendy’s, Burger King, Walgreens, CVS, Wawa, and more! Investment Highlights: • Lease - Fresh 15-year base term - 2% annual rental increases - NNN – No Landlord Responsibilities - Two, 5- Year Options - Blended CAP over base term – 6.92% • Low Rent QSR - Tenant is paying $95,676 per year, significantly lower than the average rent for a QSR in Florida • Recent Renovation - Store was completely renovated in 2021 - With both stalls and a drive thru, this Sonic Drive-In location is positioned to handle significant guest volume.

Market Context

This retail in Sonic | Crystal River, FL is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Sonic | Crystal River, FL — view the full market.

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