Sonic Drive-In

Simpsonville, SC

Document Portal

Executive Summary

  • Address 12 Berryblue Court, Simpsonville, SC 29680
  • List Price $1,800,000
  • Cap Rate 6.23%
  • NOI $112,136
  • Building Size 1,780 SF
  • Lot Size 1.00 Acres
  • Price PSF Building $1,011.24
  • Price PSF Land $41.32
  • Rent PSF $63.00
  • Year Built 2007 | Re-Imaged 2017

Savills, as the exclusive advisor to the Seller, is pleased to present the absolute NNN investment opportunity consisting of the fee simple interest in a Sonic Drive-In property located at 12 Berryblue Court, Simpsonville, South Carolina.

There are approximately 9.25 years remaining on the Primary Term of the absolute NNN Lease, and Three (3) Five (5)-year Options to Extend. The Lease features rental increases in the amount of Seven Percent (7.00%) every Five (5) years throughout the Primary Term and Option Periods. 

As of year-end 2022, the Tenant operated approximately 60 Sonic Drive-In restaurants throughout Georgia, Louisiana, South Carolina and Texas. 

The property benefits from its large, One (1)-acre lot size situated in the heart of The Golden Strip (at the crossroads of highways I-385 and I-185).

Offering Memorandum

Location Map

Siteplan

map

Advisors

Emily Mitchell

Assistant Director
Savills
t + 1 213 553 3819
License No. 02051879

Shawn Bakke

Senior Managing Director
Savills
t + 1 213 553 3818
License No. 01326433

Confidentiality & Disclaimer

Savills Inc., representative of the Seller, is solely authorized to present this investment offering (the “Offering”). This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the fee simple interest in the property located at 12 Berryblue Court, Simpsonville, SC 29680 (the “Property”). Prior to submitting an offer to purchase the Property, interested parties should perform and rely upon their own investigations, analyses, estimates and projections and otherwise satisfy any concerns regarding material aspects of the proposed transaction including, but not limited to legal, municipal, environmental, operational, seismic, financial and physical issues, and all other matters affecting or pertaining to the Property. The Seller will be offering the Property including all appurtenances and tenant improvements, solely on an “As-Is, With-All-Fault” basis, without any representations or warranties. No person is authorized to make any representations or warranties on behalf of the Seller regarding the Property. Any and all information regarding the Property provided to any interested party by the Seller or Savills Inc., including all information contained in the Offering, is provided without any representation or assurance express or implied, regarding the accuracy, completeness or current status of applicability of such information. Each interested party is expected to undertake such reviews and investigations and make such inquiries as such party may believe to be necessary, appropriate or advisable for the purpose of forming a decision to make an offer to acquire the Property. The Owner expressly reserves the right, as its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with an entity at any time with or without notice which many arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. The material contained herein is confidential and is presented strictly as information for the exclusive use of the prospective purchaser. Receipt and review of this Offering by the prospective purchaser constitutes an agreement not to divulge, share or distribute the information to any other party, except the prospective purchaser’s legal counsel and financial advisors, without the prior specific written authorization of the Seller or Savills Inc. Each prospective purchaser shall also agree to and comply with the provisions of the confidentiality agreement executed by such prospective purchaser prior to receipt of this Offering. This Offering is submitted subject to errors, changes, omissions, changes in price, market and other conditions. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that prospective purchasers may desire. It should be noted that any and all market analyses, estimates, and projections contained in this Offering are provided for general reference purposes only and are based on assumptions related to the general economy, competitions, real estate market trends, and other factors beyond the control of the Seller or Savills Inc. Such analyses, estimates and projections are therefore subject to material variation, and may not be consistent with the views or assumptions held by other professionals.