Building Details

Tenancy Single

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 11:08PM

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Investment Insights

Based on property information with market context.

This Sonic Drive-In restaurant is presented within a six-property Kansas portfolio leased to SERJ Drive-In Kansas, a multi-brand restaurant operator. The offering can be acquired as an individual property or together with the broader portfolio, providing flexibility for different acquisition strategies.

The lease structure is a 20-year absolute triple-net arrangement. The portfolio spans multiple Kansas markets and trade areas, while this listing is identified at 550 Northstar Court in Tonganoxie, Kansas. The property is classified as a drive-through restaurant, with the offering positioned for an investor seeking a restaurant asset supported by a long-term NNN lease.

Key Highlights

• Sonic Drive‑In asset within a 6‑unit Kansas portfolio
• Available for individual acquisition or as part of the full portfolio
• 20‑year absolute triple‑net (NNN) lease structure

Property Analytics

Property Profile

Current Use

Sonic Drive-In Restaurant

Suggested Use

Top Pick Electrical Service Dental Office HVAC Service Plumbing Service Bakery (Bike/Boat/Book/etc) Store

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

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

330

Businesses Nearby

17k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 72% Shops & Services 28%

SONIC Drive In Dining

9,545 visits/mo 0.1 miles

O'Reilly Auto Parts Shops & Services

3,079 visits/mo 0.1 miles

SUBWAY Dining

2,400 visits/mo 0.2 miles

Community National Bank Shops & Services

1,885 visits/mo 0.3 miles

Daylight Donuts Dining

589 visits/mo 0.2 miles

Demographics for 66086, KS

10,662

Population

4,205

Households

2.5

Avg Household Size

40

Median Age

39%

College-Educated

96%

High-School Grad

95.3 sq mi

ZIP Area

112

Density / Sq Mi

$94,466

Median Household Income

$54,984

Median Earnings

$1,165

Median Rent

$288,800

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 - Absolute NNN lease structure supports a restaurant investment with individual or portfolio acquisition options.

Where is this drive through restaurant located?

The property is located at 550 Northstar Court Tonganoxie, KS.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Sonic Drive‑In asset within a 6‑unit Kansas portfolio; Available for individual acquisition or as part of the full portfolio; 20‑year absolute triple‑net (NNN) lease structure