Sonic NNN Property For Sale — Mobile, AL
Mobile, Mobile, AL
This Sonic NNN property in Mobile, AL offers an excellent investment opportunity. Spanning 1422 square feet and built in 1998, this property boasts a 6.7% cap rate and stable income potential, making it an attractive option for investors. Sonic NNN properties provide predictable cash flow with minimal landlord responsibilities, backed by a nationally recognized brand. Suitable for 1031 tax-deferred exchanges, the tenant handles property taxes, insurance, and maintenance. Located in Mobile, AL, the property benefits from strong local demographics and high visibility, ensuring a solid investment for net lease property buyers.
- Address: Mobile, Mobile, AL
- Asking price $1.15M
- 6.70% cap rate
- NOI $77,268
- 17.7 years remaining
- NNN lease
- Year built: 1998
- Building size: 1,422 SF
- Lot size: 0.03 acres
- Lease expiration: Aug 31, 2043
- Rent increases: Yes
- Guarantor: Corporate
Location
This Sonic property is at Mobile in Mobile, Alabama.
Asset type: QSR/Fast Food