Drive-Through Restaurant with NNN
For Sale
Contact for pricing
420 Merhar Ave, Fairbanks, AK 99701
Sonic drive-through restaurant is offered for sale subject to a 10-year absolute NNN lease.
Property Size3,530 SF
Lot Size0.92 Acres
Days on Market122
Property Features for 420 Merhar Ave
General Information
Standard status
Active
Size
3,530 SF
Lot size
0.92 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 8:15AM
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-through restaurant features approximately 3,530 rentable square feet of building space situated on an estimated 0.92-acre parcel. The property is subject to a 10-year absolute triple-net (NNN) lease that commenced September 1, 2020.
The current annual rent is $152,189 and is scheduled to increase by 1.50% annually throughout the base term.
The offering is positioned as an NNN investment with the restaurant operating under the existing lease structure.
The current annual rent is $152,189 and is scheduled to increase by 1.50% annually throughout the base term.
The offering is positioned as an NNN investment with the restaurant operating under the existing lease structure.
Key Highlights
- 10‑year absolute triple‑net (NNN) lease in place for a Sonic drive‑through restaurant
- Lease commenced September 1, 2020 and runs through the base term under an absolute NNN structure
- 3,530 rentable SF building on an estimated 0.92‑acre parcel
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 99701, AK
18,357
Population
8,757
Households
2.1
Avg Household Size
34
Median Age
25%
College-Educated
93%
High-School Grad
545.2 sq mi
ZIP Area
34
Density / Sq Mi
$73,551
Median Household Income
$41,782
Median Earnings
$1,233
Median Rent
$235,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Sonic drive-through restaurant is offered for sale subject to a 10-year absolute NNN lease.
Where is this drive through restaurant located?
The property is located at 420 Merhar Ave Fairbanks, AK.
What are key features of this property?
This property features: 10‑year absolute triple‑net (NNN) lease in place for a Sonic drive‑through restaurant; Lease commenced September 1, 2020 and runs through the base term under an absolute NNN structure; 3,530 rentable SF building on an estimated 0.92‑acre parcel
