Sonic, Stockton CA

  • Park West Place
  • Park West Place

Available $2,330,000 - Retail - Single Tenant
Cap Rate:  4.25%Size:  1,575 SFTerm:  6 Print

Investment Offering & Highlights

  • NNN lease with tenant responsible for taxes, insurance and maintenance/repair including roof and structure
  • Bite size Northern California QSR investment with drive thru and strong real estate fundamentals
  • Above average performance in terms of customer traffic across local state and national geography
  • Drive-in restaurants booming amidst COVID-19 social distancing precautions (Flatland)
  • Franchisor Inspire Brands making aggressive acquisitions in the past few years, signaling continued company-wide growth (QSR Magazine)

Property Description

Leased to Keystone Restaurant Group, LLC for over 6 years expiring December 31, 2026.​ The rent increases by 10% every five years with a Fair Market Value adjustment for each option period.​ There are four 5-year options to extend the lease.​ The lease is triple net with the tenant responsible for insurance, repairs and maintenance, including roof and structure.​ Sonic reimburses Landlord for its pro-rata share of CAM +  15% Admin Fee and taxes.​

This property is being offered along with a multi-tenant PAD and three other neighboring NNN retail properties, Lowe’s, Panda Express, and AutoZone.​ The properties can be acquired individually or as a portfolio.​ Please use the following links to access the neighboring properties:

Lowe’s – $15,120,000

Panda Express – $2,870,000

AutoZone – $1,500,000

Multi-Tenant PAD – Best Offer

Please use the following link to access the full OM: https://www.crexi.com/properties/503717/california-sonic-drive-in—stockton-ca

  • Offering Memorandum

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Property Location