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Sonic Drive-In

$1,391,000

1306 21st Street, Lewiston, ID 83501

Active
Last Updated: 10/22/2025

5.75

Cap Rate

1,600 sqft

Building Size

Details:
Cap Rate:    5.75%
Building Size:    1,600 sqft
Lot Area:    0.4 acres
Lease Type:    Absolute Net
Tenancy:    Single
Parking Spots:    27
Highlights:
  • 20-year absolute net sale-leaseback featuring 1.5% annual rental increases throughout the base term and options
  • Hard corner location with drive-thru
  • Low rent-to-sales (ask Agent for more details)
  • 8-unit PNW-based franchisee subsidiary backing the lease
  • Parent company (Guernsey Holdings) is a top 5 Sonic franchisee nationally that operates 130+ locations across 10 states providing extensive operational expertise
  • Busy retail corridor – nearby Albertsons and Home Depot are ranked in the 88th and 97th percentile respectively of grocery and home improvement stores nationwide in terms of annual visits (per Placer.ai)
Description:

Tenant to sign brand-new 20-year absolute net lease upon close of escrow that will feature 1.5% annual rental increases and four, 5-year options to extend. The guarantor is an 8-unit franchisee subsidiary of Guernsey Holdings – a top 5 Sonic franchisee nationally that operates 130+ locations across 10 states.

Map:
Documents:
Title
Sonic_LewistonID.pdf
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Location
Gallery