Sonic Drive-In property. Encompasses a 1,127 SF quick service restaurant on 0.33 acres of land. The Property is 100% leased to a 32-unit Franchisee with more than 30 years of experience. The tenant is a regional Sonic franchisee and has been recognized with multiple awards for efficiency and sales.
The Property is positioned in central Columbus directly next to the signalized hard corner abutting the County Courthouse of Cherokee. It is also positioned down the street from Coffeyville Community College with 1,772 students and Columbus Unified High School with 290 students. Upon Close of Escrow, Tenant will enter a newly executed, 20-year absolute NNN lease, with 8.5% rental increases every 5 years and in each of the four (4), five (5) year renewal options.
Listing Agent