601 Drake St | Mountain View, MO 65548
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601 Drake St
Mountain View, MO 65548
Sonic Drive-In · Retail Property For Sale
Investment Highlights
- Award-Winning Operator - The franchisee has won multiple Sonic national awards and has been a Franchisee in their system for 30+ years.
- Long-Term Commitment - A brand new 20-year term will commence upon Close of Escrow.
- Strategic Situation - The Sonic is situated in the main corridor of Mt. View, serving the locals, tourists, and travelers.
- Absolute NNN Lease - Absolutely no Landlord Responsibilities.
- Healthy Rent-to-Sales Ratio - The tenant benefits from a Rent-to-Sales ratio of 6.3%. The majority of sale-leasebacks start at 8%.
- Captive Market - Sonic is 1 of 3 National Drive-Thru brands serving a 14-mile radius (McDonald's & Taco Bell). The nearest Sonic is 30 miles away.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,144 SF
Building Class
C
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.54 AC
PROPERTY TAXES
| Parcel Number | 01-5.0-22-002-003-009.05000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $114,171 |
PROPERTY TAXES
Parcel Number
01-5.0-22-002-003-009.05000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$114,171
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