Sonic - Net Lease Property for Sale
Lake City, FL
Key Investment Metrics
Price
$2,356,000
Cap Rate
5.5%
Net Operating Income
$129,598
Building Size
1412 SF
Lot Size
1,412 SF
Remaining Term
16 years
Lease Expiration
12/31/2041
Lease Type
Absolute NNN
Year Built
1999
Occupancy
100%
Tenancy
Single
Rent Increases
7% Every Five Years
About This Sonic Net Lease Property
This Sonic NNN (triple net lease) property is located in Lake City, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 1412 square feet of building space and was built in 1999.
With a cap rate of 5.5%, this Sonic net lease property offers stable income potential. The asking price is $2,356,000, making it an attractive option for 1031 exchange investors seeking quality Sonic commercial properties.
Why Invest in Sonic NNN Properties?
- Stable Income: Sonic net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Sonic is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Lake City, FL Market Overview
Located in Lake City, FL, this Sonic property benefits from strong local demographics and market fundamentals. The Lake City area offers excellent visibility and accessibility, making it an ideal location for Sonic operations and a solid investment for net lease property buyers.