Sonic Absolute NNN
31425 State Route 20, Oak Harbor, WA 98277
For Sale
Contact for pricing
Scheduled rent adjustments apply during the initial lease period and available renewal options.
Property SizeContact for details
Days on Market22
Property Features for 31425 State Route 20
General Information
Standard status
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Listing Agency:
CP Partners
Listed By:
John Andreini · License CA #01440360
(415) 274-2715
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 5:03PM
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 CP Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a Sonic restaurant in Oak Harbor, Washington, offered through a 20-year absolute NNN sale-leaseback. The lease provides for 10% rent increases at five-year intervals during both the base term and option periods. Operations are handled by a franchisee with more than 175 locations in its system.
Oak Harbor is identified as Whidbey Island’s largest city and a commercial, retail, and service center for northern Whidbey Island and nearby Island County communities.
Oak Harbor is identified as Whidbey Island’s largest city and a commercial, retail, and service center for northern Whidbey Island and nearby Island County communities.
Key Highlights
- 20‑year absolute NNN sale‑leaseback
- 10% rent increases every 5 years during the base term and options
- Operated by a franchisee with over 175 units in its system
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
371k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 25%
Dining 24%
Shops & Services 20%
Superstores 17%
Walmart
Superstores
64,147 visits/mo
0.2 miles
Safeway
Groceries
49,645 visits/mo
0.1 miles
Haggen
Groceries
30,913 visits/mo
0.2 miles
Safeway Gas
Shops & Services
25,282 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
24,985 visits/mo
0.5 miles
Demographics for 98277, WA
41,517
Population
17,694
Households
2.3
Avg Household Size
36
Median Age
27%
College-Educated
95%
High-School Grad
57.3 sq mi
ZIP Area
725
Density / Sq Mi
$79,326
Median Household Income
$45,236
Median Earnings
$1,651
Median Rent
$455,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - Scheduled rent adjustments apply during the initial lease period and available renewal options.
Where is this nnn property located?
The property is located at 31425 State Route 20 Oak Harbor, WA.
What is the asking price?
The asking price for this property is $2,545,000.
What are key features of this property?
This property features: 20‑year absolute NNN sale‑leaseback; 10% rent increases every 5 years during the base term and options; Operated by a franchisee with over 175 units in its system
