5212 JACKSON ST Alexandria LA 71303-2319

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Sonic Drive In Restaurant investment opportunity located at 5212 Jackson St Alexandria, Louisiana. The property consists of a large 0.86-acre parcel improved with an approximately 1,256-square foot building with three points of ingress and egress. The restaurant will have a brand new 20-Year Absolute NNN Lease at the close of escrow with a seasoned Inspire Brands Franchisee. Annual Lease rent is set at $63,200 with 7.5 percent rental increases every five years in the base term, as well as the four, five-year renewal options.

This 0.86-acre site sits along Jackson Street with traffic counts of over 24,000 vehicles daily. The subject property is located along the dense retail corridor of the city. Other notable tenants in the area include Kroger, Ashley Furniture, Office Depot, Walgreens, Dollar General, and Capital One Bank to name a few. Alexandria is approximately 2 hours north of Baton Rouge, LA.

• Experienced Multi-Brand Operator

• New 20 Year NNN Lease

• Healthy Rent-To-Sales Ratio

• High Income Demographics

North Florida Restaurant Group is a rapidly growing franchisee of Sonic Drive-In and Slim Chickens throughout the southeast United States. With four Sonic locations currently operated, two Slim Chickens opening in 2020 and plans to grow to over 50 units in the next three years, the operators hold the following achievements: 2018 Sonic Operator of the Year, 2018 Multi-Unit Sonic Operator of the Year, 2018 Sonic Store Avg. $1.65 MM and over 19 years of experience in the Sonic system.

The Property benefits from a prime location in Southern Louisiana where Sonic Drive-In thrives as a tenant. This location benefits from great exposure and visibility, and numerous credit tenants surrounding the subject property. This allows for great synergy between the neighboring retail developments and the subject property. The Property located in the heart of town and surrounded by numerous neighborhoods of single-family homes, giving the property an extremely strong demand base within a 1-mile radius.

• New 20-year NNN Lease - No Landlord Responsibilities
• 2018 Sonic Operator of the Year
• 24,000 Vehicles Per Day on Jackson Street