Entity Owned Property summary
This exceptional investment opportunity presents a 1,273 square foot Sonic Drive-In restaurant located on a one-acre lot at 224 Dexter L Woods Memorial Blvd, Waynesboro, TN 38485. The property boasts a strong location on a busy thoroughfare (9,980 AADT) with high visibility near US Highway 64, just half a mile from the downtown Court Square. Benefiting from an absolute NNN lease with an established Sonic franchisee, this property offers a remaining lease term of approximately 8.2 years… (expiring January 15, 2033), providing long-term income stability. The lease includes percentage rent, resulting in low rent-to-sales ratios. The asking price is $2,024,000, representing a compelling $1,589.95 per square foot and a 6.00% cap rate with a current NOI of $121,428. The property benefits from a personal guaranty from an experienced operator with 32 units. The surrounding area features a strong demographic profile, with average household incomes exceeding $60,000 within a one-mile radius. Proximity to Wayne Medical Center, a 25-bed community hospital, and other national retailers such as McDonald's, Piggly Wiggly, Tractor Supply, and Dollar General, ensures consistent customer traffic. Waynesboro, Tennessee, situated 85 miles from Nashville, offers a unique lifestyle and benefits from a diverse local economy including automotive, textiles, manufacturing, and distilling industries. The absence of state income tax in Tennessee further enhances the investment's attractiveness. This is a rare opportunity to acquire a well-performing, established fast-food property in a growing market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,373 SF
- Lot area
- 1 ac
- Year built
- 2003
- Stories
- 1
- APN
- 091077C A 01901
- Assessed value · 2023
- $172,120
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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