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1306 21St St Lewiston, ID 83501

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For Sale
Contact for pricing

20-year absolute net lease with annual rental increases.

Lot size:
0.40 Acres

Property Features for 1306 21St St

General Information

Lot size
0.40 Acres

Building Details

Year built
2011

Source: Chris Peters Agent Chris Peters

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


Overview

Lewiston Drive-Thru Restaurant Opportunity

The property is subject to a new 20-year absolute net lease upon the close of escrow, featuring 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 operating over 130 locations across 10 states. This hard corner location includes a drive-thru. The property is situated in a busy retail corridor near an Albertsons and a Home Depot. According to Placer.ai, these nearby stores rank in the 88th and 97th percentile, respectively, of grocery and home improvement stores nationwide in terms of annual visits.
Insight Report Location Intelligence

Current Use by Public Records

Sonic Drive-In Fast Food Restaurant

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Lewiston
County
Nez Perce
State
Idaho
Longitude
-117.0023468
Latitude
46.4069089

FAQs

What type of property is this?
Drive through restaurant - 20-year absolute net lease with annual rental increases.
Where is this drive through restaurant located?
The property is located at 1306 21St St Lewiston, ID.
What are key features of this property?
This property features: - Brand-new 20-year absolute net lease with 1.5% annual rental increases and four 5-year options to extend.; - Guaranteed by an 8-unit franchisee subsidiary of Guernsey Holdings, a top 5 Sonic franchisee nationally.; - Guernsey Holdings operates 130+ Sonic locations across 10 states.
More about this property
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