This exceptional investment opportunity presents a brand-new, 1,200 square foot Sonic restaurant situated on a 0.69-acre lot in Fayetteville, Georgia. Built in 2024, this single-story building features a double drive-thru lane, a key element of the new drive-thru prototype design. The property boasts a 15-year absolute NNN ground lease with a corporate guarantee from Sonic, a leading QSR brand. Rent increases by 10% every five years, ensuring consistent income growth. The lease includes four 5-year renewal options, providing long-term stability. The property generates a strong net operating income (NOI) of $132,500, resulting in a 6.25% cap rate. Strategically located as an outparcel to Banks Station Shopping Center, this site benefits from high visibility at the signalized intersection of State Highway 85, State Highway 314, and N Jeff Davis Dr, with combined daily traffic exceeding 72,000 vehicles. The location is further enhanced by its proximity to Fayette Pavilion, a top-performing power center, and enjoys a strong demographic profile, with an average household income of $101,522 within a 3-mile radius. This prime location, coupled with the strength of the Sonic brand and the favorable lease terms, makes this a compelling investment opportunity. The asking price is $2,120,000, representing a price per square foot of $1,766.67. The property is currently 100% occupied. This is a rare chance to acquire a high-performing, low-risk investment in a thriving market.
Highlights
15-year absolute NNN ground lease with 10% rent increases every 5 years.
New drive-thru prototype with double drive-thru lanes.
Corporate-guaranteed lease; Sonic ranked #13 in QSR Magazine's 2023 Top 50, showing 25.8% two-year same-store sales growth.
Outparcel to Banks Station Shopping Center, anchored by Food Depot, Tractor Supply Co., and Staples.
Signalized intersection of three major roadways (SH 85, SH 314, N Jeff Davis Dr) with over 72,000 vehicles per day.
One mile from Fayette Pavilion, a top-performing power center (91st percentile nationally) including Publix, Target, Home Depot, and Ross.
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Contacts
Scott Campbell
Michael Berk
Britt Raymond
Kyle Fant
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885 Glynn St, Fayetteville, Georgia, 30214
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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885 Glynn St
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