Lansing, KS - Sonic

Description:

SRS Real Estate Partners, LLC in collaboration with Goldman Investment Advisors, Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, Sonic investment property located in Lansing, Kansas (Kansas City MSA). The tenant, Serj Drive-In Kansas, LLC, has 16 years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The next rental increase is in January 2028. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. SERJ Group is an experienced fast-food franchisee operating 20 Sonic locations, including 9 in Kansas, and an additional 7 Taco Bell locations.

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Listing ID: a28TP000003Nig9YAC