Sonic Drive-In NNN
For Sale
Contact for pricing
1319 State St, White Pine, TN 37890
Sonic Drive-In for sale with a long-term triple-net lease and 16+ years remaining on the base term.
Property Size2,634 SF
Lot Size0.43 Acres
Days on Market121
Property Features for 1319 State St
General Information
Standard status
Active
Size
2,634 SF
Lot size
0.43 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 9:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This Sonic Drive-In property is offered for sale subject to a long-term triple-net (NNN) lease with more than 16 years remaining on the base term. The asset consists of a 2,634 rentable-square-foot building on approximately 0.43 acres of land, and it features a corporate tenant identified as SRI Operating Company.
The lease provides for an initial annual rent of $60,000, with 10% rental increases every five years. The agreement also includes four (4) five-year tenant renewal option periods, which are subject to the stated rent increase schedule.
The offering is presented as an NNN specialty/commercial property investment centered on the drive-through restaurant configuration.
The lease provides for an initial annual rent of $60,000, with 10% rental increases every five years. The agreement also includes four (4) five-year tenant renewal option periods, which are subject to the stated rent increase schedule.
The offering is presented as an NNN specialty/commercial property investment centered on the drive-through restaurant configuration.
Key Highlights
- Sonic Drive‑In in White Pine, TN offered as a long‑term Triple‑Net (NNN) lease property.
- Lease has more than 16 years remaining on the base term with a corporate tenant (SRI Operating Company).
- 2,634 rentable SF building on approximately 0.43 acres of land.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 37890, TN
6,890
Population
3,423
Households
2
Avg Household Size
42
Median Age
21%
College-Educated
82%
High-School Grad
34.5 sq mi
ZIP Area
200
Density / Sq Mi
$61,905
Median Household Income
$37,455
Median Earnings
$846
Median Rent
$204,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Sonic Drive-In for sale with a long-term triple-net lease and 16+ years remaining on the base term.
Where is this drive through restaurant located?
The property is located at 1319 State St White Pine, TN.
What are key features of this property?
This property features: Sonic Drive‑In in White Pine, TN offered as a long‑term Triple‑Net (NNN) lease property.; Lease has more than 16 years remaining on the base term with a corporate tenant (SRI Operating Company).; 2,634 rentable SF building on approximately 0.43 acres of land.
