Building Details

Buildings 1

Tenancy Single

Listing Agency: SRS Real Estate Partners New York k***@srsre.com Show Phone

Listed By: Britt Raymond · License #NY 10491212709

Source: Crexi

Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 3:28PM

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Investment Insights

Based on property information with market context.

This Sonic restaurant in Alexandria, Alabama, is offered with fee simple ownership of the land and building. The property will be subject to a new 20-year absolute NNN lease guaranteed by Soar QSR, a 191+ unit operator. The agreement includes 4 (5-year) renewal options and 10% rent increases every 5 years during the initial term and at the start of each option period. Under the absolute NNN structure, the landlord has zero responsibilities.

The restaurant is positioned near the signalized intersection of U.S. Highway 431/State Highway 1 and Gladden Ln. E, where combined traffic is reported at 21,200 vehicles daily. The site is less than a 15-minute drive from Coosa Town Center, a 300,000 sf Walmart Supercenter-anchored shopping center with national and credit tenants. Additional nearby retailers and restaurants include Dollar General, Subway, Waffle House, and DG Market. Gadsden Regional Medical Center is within a 15-minute drive and has 346 beds.

Key Highlights

• New 20‑year absolute NNN lease guaranteed by Soar QSR, a 191+ unit operator
• 4 (5‑year) options to extend with 10% rental increases every 5 years
• Zero landlord responsibilities under the absolute NNN lease structure

Property Analytics

Property Profile

Current Use

Drive through restaurants

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Bakery

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

21,200 VPD

Traffic count

100%

Occupancy

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

37k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 54% Shops & Services 46%

SONIC Drive In Dining

10,626 visits/mo 0.2 miles

Dollar General Shops & Services

7,985 visits/mo 0.1 miles

SUBWAY Dining

6,175 visits/mo 0.2 miles

Dollar Tree Shops & Services

5,851 visits/mo 0.4 miles

Huddle House Dining

3,069 visits/mo 0.2 miles

Demographics for 36250, AL

4,751

Population

1,784

Households

2.7

Avg Household Size

42

Median Age

24%

College-Educated

92%

High-School Grad

19.7 sq mi

ZIP Area

241

Density / Sq Mi

$83,438

Median Household Income

$48,201

Median Earnings

$182,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Freestanding Sonic restaurant leased on an absolute NNN basis with no landlord responsibilities.

Where is this nnn property located?

The property is located at 6401 US-431 Alexandria, AL.

What are key features of this property?

This property features: New 20‑year absolute NNN lease guaranteed by Soar QSR, a 191+ unit operator; 4 (5‑year) options to extend with 10% rental increases every 5 years; Zero landlord responsibilities under the absolute NNN lease structure