Listing Agency: CBRE - El Segundo t***@cbre.com Show Phone

Listed By: Tony Anderson · License #01936642 Show Phone

Source: Cbre

Added: Jul 20 Changed: Aug 30 Last Checked: Aug 30 at 1:17PM

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Investment Insights

Based on property information with market context.

This Sonic drive-in restaurant contains 1,499 square feet and is positioned at 15516 State Avenue in Basehor, Kansas. The property is subject to a 20-year absolute NNN lease, placing the real estate within a long-term net-lease framework.

The lease is held by SERJ Drive-In Kansas, identified as a multi-brand restaurant operator. The Basehor address places the asset in an established Kansas suburban market, while the Sonic branding supports its continued use as a drive-through restaurant.

Key Highlights

• 1,499‑square‑foot Sonic drive‑in restaurant
• 20‑year absolute NNN lease structure
• Leased to SERJ Drive‑In Kansas

Property Analytics

Property Profile

Current Use

Sonic Drive-In Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

221

Businesses Nearby

50k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 49% Dining 26% Home Improvements & Furnishings 24%

Basehor #2 Shops & Services

20,072 visits/mo 0.1 miles

Bomgaars Home Improvements & Furnishings

12,199 visits/mo 0.3 miles

SONIC Drive In Dining

9,226 visits/mo 0.0 miles

The UPS Store Shops & Services

2,625 visits/mo 0.3 miles

Community National Bank Shops & Services

1,831 visits/mo 0.3 miles

Demographics for 66007, KS

9,875

Population

3,706

Households

2.7

Avg Household Size

41

Median Age

40%

College-Educated

97%

High-School Grad

31.4 sq mi

ZIP Area

314

Density / Sq Mi

$108,698

Median Household Income

$62,679

Median Earnings

$1,173

Median Rent

$353,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Drive-through restaurant leased under a 20-year absolute NNN structure.

Where is this drive through restaurant located?

The property is located at 15516 State Avenue Basehor, KS.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 1,499‑square‑foot Sonic drive‑in restaurant; 20‑year absolute NNN lease structure; Leased to SERJ Drive‑In Kansas