Knoxville, TN - Sonic

Description:

• The Guernsey Holdings SDI TN OpCo LLC has over 6 years remaining on its current lease term with 1 (10-year) option periods to extend
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Sonic is the largest drive-in restaurant brand in the United States with more than 3,500 restaurants in 47 states

• Ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Walgreens, Advance Auto Parts, Aldi, O’Reilly Auto Parts, Ingles, Valvoline, Dollar General, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Close proximity to Halls High School (1,268 students) and Halls Middle School
(1,069 students), further increasing consumer traffic to the site

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Listing ID: a28TP000002UMLJYA4