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2010 E Highway 90 Byp

Monticello, KY 42633

$999,999

Fast Food For Sale  •  6,840 Sq Ft

Property Details

  • Property Type Fast Food
  • Total Building Size 6,840 Sq Ft
  • Lot Size 0.98 ac
  • Year Built 2003
  • Cap Rate 6.24 %
  • Tenancy Single
0 Transit Score
33 Walk Score

Description

Absolute NNN Lease - Tenant takes care of all responsibilities including property tax, insurance, maintenance, roof and structure. 
One of Six Lunch spots in the immediate Area - other eateries include McDonald’s, Wendy’s, Taco Bell, Pizza Hut, Dairy Queen 
Sonic Corporation is the nation’s largest drive-in restaurant chain serving approximately 3 million customers every day 
As of August 2017, 3,557 Sonic Drive-Ins were in operation from coast to coast in 45 states

Highlights

Growing Cash Flow - Lease has 10% Rental Increases scheduled every 5 years
Long-term commitment to location - Tenant will sign a 15-Year lease at the close of escrow
Strategically located 1-Mile from a WalMart Supercenter and Wayne County Airport
Sonic Drive-In was ranked in the top 15-most successful QSR companies

Property Flyers

Cap Rate: 6.24 %

Major Tenants

Tenant SF Occupied Lease End Date
Sonic 1,514 SF
Avery Barry 949-873-0295 Matthews Real Estate Investment Services
Avery Barry 949-873-0295 Matthews Real Estate Investment Services