Drive-Through Restaurant with NNN
420 Merhar Ave Fairbanks, AK 99701
For Sale
Contact for pricing
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 Market107
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: Jul 23
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
Location Intelligence
Current Use by Public Records
Sonic Drive-In
Restaurant
FAQs
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
