Sonic Drive-In NNN Property For Sale — Lake City, FL
211 NW Centurion Ct., Lake City, FL 32055
This brand new 2024 construction Sonic Drive-In features a new prototype with a drive-thru, offering an exceptional investment opportunity. The property is secured by a 20-year Absolute NNN Lease with attractive rent increases every five years. Strategically positioned along I-75 and US Hwy 90, it benefits from a high-volume interstate location, serving as a major thoroughfare between Lake City and Jacksonville. The surrounding retail trade area is booming, boasting traffic counts exceeding 88,000 vehicles per day. Directly across from HCA Florida Lake City Medical Center, a 91-bed hospital handling over 60,000 patients annually, the location ensures a steady customer base. Lake City, known as “The Gateway to Florida,” plays a crucial role in accommodating a large percentage of Florida’s…
- Address: 211 NW Centurion Ct., Lake City, FL 32055
- Asking price $2.63M
- 5.35% cap rate
- NOI $140,613
- 20 years remaining
- NNN lease
- Year built: 2024
- Building size: 1,227 SF
- Lot size: 1.23 acres
- Rent increases: Rent increases every 5 years
- Guarantor: Corporate
Location
This Sonic Drive-In property is at 211 NW Centurion Ct. in Lake City, Florida.
Asset type: QSR