Property Details

Sonic Drive-in

Waldorf, MD
Property ID: 15109

Financial Summary

Asking Price $3,000,000
Cap Rate 5.00%
Net Operating Income (NOI) $150,000
Lease Type Ground Lease
Lease Term Remaining 13+ Years
Increases 5% Every 5 Years, 10% in Options

Offering Memorandum

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Contact

Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
571.449.8234
Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
703.787.4725

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Highlights

  • Excellent location on Crain Hwy with nearly 50K VPD
  • Signalized full turn intersection
  • Strong sales ratio to rent
  • Excellent demographics
  • No landlord responsibilities
  • Washington DC MSA
  • Built-in rent increases
  • Rare indoor seating unit

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

2055 Crain Hwy
Waldorf, MD

Leigh ClineSonic Drive-in