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    302 Greenbriar Dr Normal, IL 61761

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    For Sale
    $1,522,500

    NNN leased Sonic restaurant property for sale in Normal, IL.

    Property size:
    1,490 SF
    Lot size:
    0.84 Acres

    Property Features for 302 Greenbriar Dr

    General Information

    Size
    1,490 SF
    Lot size
    0.84 Acres

    Source: NNN Pro Group Agent Cassandra Mosser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sonic Restaurant in Normal, Illinois

    The property at 302 Greenbriar Drive, Normal, Illinois, is a Sonic restaurant. It features approximately 1490 rentable square feet of building space on an estimated 0.83-acre parcel of land. The property is subject to a 20-year Triple Net (NNN) lease, which commenced on April 30, 2024. The current annual rent is $91,350, with scheduled increases of 1.50% annually.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sonic Drive-In Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Normal
    County
    McLean
    State
    Illinois
    Longitude
    -88.9515004
    Latitude
    40.5144685

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    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased Sonic restaurant property for sale in Normal, IL.
    Where is this drive through restaurant located?
    The property is located at 302 Greenbriar Dr Normal, IL.
    What is the asking price?
    The asking price for this property is $1,522,500.
    What are key features of this property?
    This property features: - Brand new 20-year Triple Net (NNN) lease commenced 4/30/2024.; - Current annual rent is $91,350.; - Enjoy 1.50% annual rent increases.
    (332) 345-2408
    Request Owner's contact information
    302 Greenbriar Dr Normal, IL 61761
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    Normal, IL 61761
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    302 Greenbriar Dr Normal, IL 61761
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