Sonic NNN Restaurant
For Sale
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4233 EGAN DR, Savage, MN 55378
Freestanding drive-in restaurant leased under a long-term NNN structure with scheduled annual rent increases.
Property Size1,947 SF
Price / SF$804.97
Days on Market34
Property Features for 4233 EGAN DR
General Information
Standard status
Active
Size
1,947 SF
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$109,709
Site & Location
Traffic Count
37,500 vehicles/day
Road Access
Yes
Building Details
Year Built
2008
Units
1
Tenancy
Single
Listing Agency:
Upland Real Estate Group Inc
Listed By:
Keith Sturm · License #MN 81883
(612) 332-6600
Source:
Crexi
Added: Aug 10
Changed: Sep 9
Last Checked: Sep 12 at 5:52AM
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 Upland Real Estate Group Inc
Investment Insights
Based on property information with market context.
This 1,947-square-foot Sonic Drive-In property operates under a 15-year NNN lease, with approximately 3.5 years remaining and scheduled 2% annual rent increases. The site supports the brand’s drive-in restaurant format and made-to-order menu, including burgers, hot dogs, chicken sandwiches, breakfast items, tater tots, drinks, and milkshakes.
The property fronts County Road 42, a primary commercial corridor in Savage, with approximately 37,500 vehicles per day. Nearby retail and restaurant operators include Target, Hy-Vee, Cub Foods, Taco John’s, Starbucks, and Life Time Fitness, with Burnsville Center also identified in the surrounding retail context.
The lease tenant is Tower Capital, LLC, supported by a personal guaranty from Ehab Monsour. Monsour operates four Sonic Drive-In locations in Minnesota, including sites in Bloomington, Elk River, Columbia Heights, and Savage. The property is approximately 15 miles southwest of Minneapolis within the Twin Cities submarket.
The property fronts County Road 42, a primary commercial corridor in Savage, with approximately 37,500 vehicles per day. Nearby retail and restaurant operators include Target, Hy-Vee, Cub Foods, Taco John’s, Starbucks, and Life Time Fitness, with Burnsville Center also identified in the surrounding retail context.
The lease tenant is Tower Capital, LLC, supported by a personal guaranty from Ehab Monsour. Monsour operates four Sonic Drive-In locations in Minnesota, including sites in Bloomington, Elk River, Columbia Heights, and Savage. The property is approximately 15 miles southwest of Minneapolis within the Twin Cities submarket.
Key Highlights
- 1,947‑square‑foot Sonic Drive‑In restaurant property
- 15‑year NNN lease with approximately 3.5 years remaining
- Scheduled 2% annual rent increases
Property Analytics
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Current Use
Lease Details
37,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
McDonald's
Dining
24,126 visits/mo
0.2 miles
SONIC Drive In
Dining
8,068 visits/mo
0.1 miles
Taco John's
Dining
4,725 visits/mo
0.1 miles
AutoZone
Shops & Services
3,585 visits/mo
0.1 miles
SUBWAY
Dining
2,423 visits/mo
0.2 miles
Demographics for 55378, MN
31,906
Population
11,857
Households
2.7
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,231
Density / Sq Mi
$122,237
Median Household Income
$58,171
Median Earnings
$1,608
Median Rent
$393,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding drive-in restaurant leased under a long-term NNN structure with scheduled annual rent increases.
Where is this nnn property located?
The property is located at 4233 EGAN DR Savage, MN.
What is the asking price?
The asking price for this property is $1,567,278.
What are key features of this property?
This property features: 1,947‑square‑foot Sonic Drive‑In restaurant property; 15‑year NNN lease with approximately 3.5 years remaining; Scheduled 2% annual rent increases
