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Sonic Ground Lease - 1511 Route 35, Middletown Township, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $2,258,000

  • 1,794

  • 5.00%

  • NOI :

  • Acres :

  • $112,896

  • 1.15

  • Property Type :

  • Property Status :

  • Net Lease

  • Under Agreement

Investment Highlights

  • Sonic Ground Lease on Route 35 Middletown, Monmouth County, New Jersey
  • Absolute NNN – Zero Landlord Responsibility
  • Built in 2012 – 10 Years Remaining on Initial 20-Year Lease
  • Four, Five-Year Options With 12% + Increases at Each Option
  • Sonic's Parent Company Inspire Brands Inc. is the 2nd Largest Restaurant Company in the Country With an Annual Revenue Above $14.6 Billion
  • Sonic Has Over 3,500 Locations in the US and is Continuing to Expand
  • Strong Demographics - Population Above 131,000 People Within a 5-Mile Radius, Average Household Income Above $159,000 Within a 1-Mile Radius

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