Sonic Drive-Through NNN
For Sale
Contact for pricing
8311 Hedge Lane Terrace, Shawnee, KS
Six Sonic drive-through properties offered for sale, with a 20-year absolute NNN sale leaseback upon close.
Property Size1,573 SF
Price / SF$649.38
Days on Market29
Property Features for 8311 Hedge Lane Terrace
General Information
Standard status
Active
Size
1,573 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$61,288
Site & Location
Traffic Count
26,384 vehicles/day
Highway Access
Yes
Building Details
Year Built
2003
Units
1
Tenancy
Single
Listing Agency:
CBRE - South Bay
(310) 303-9870
Listed By:
Tony Anderson · License #CA 01936642
Source:
Crexi
Added: Jul 15
Changed: Aug 8
Last Checked: Aug 12 at 6:15AM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
This offering presents a six-unit Sonic portfolio for sale, with properties available individually or as a portfolio. Upon close of escrow, the tenant will execute a 20-year absolute triple net (NNN) sale leaseback. Tenant is responsible for taxes, insurance, and all repairs and maintenance, including roof and structure, leaving the landlord with no management responsibilities. The lease provides for 10% rental increases every five years and includes three, five-year tenant renewal options.
The subject site is located adjacent to a point of entry along Kansas State Highway 7 (KS-7), a primary north-south arterial serving the greater Shawnee trade area. Traffic counts in this area are reported at 26,384 vehicles per day. The property is positioned next to Perimeter Park, Shawnee’s oldest and most established industrial corridor, and is described as being near major employers including Nazdar, BioMicrobics, Kraft Tool, and Westar Energy.
The portfolio is operated by SERJ Group, a multi-brand franchisee with 25+ locations across three states.
The subject site is located adjacent to a point of entry along Kansas State Highway 7 (KS-7), a primary north-south arterial serving the greater Shawnee trade area. Traffic counts in this area are reported at 26,384 vehicles per day. The property is positioned next to Perimeter Park, Shawnee’s oldest and most established industrial corridor, and is described as being near major employers including Nazdar, BioMicrobics, Kraft Tool, and Westar Energy.
The portfolio is operated by SERJ Group, a multi-brand franchisee with 25+ locations across three states.
Key Highlights
- 6‑unit Sonic sale‑leaseback portfolio (available individually or as a portfolio) in Kansas; Year built: 2003
- 20‑year absolute triple net (NNN) sale leaseback upon close of escrow; tenant handles taxes, insurance, and all repairs & maintenance including roof & structure
- Lease includes 10% rental increases every 5 years plus three, five‑year tenant renewal options
Property Analytics
Current Use
Lease Details
26,384 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 24%
QuikTrip
Shops & Services
21,173 visits/mo
0.2 miles
SONIC Drive In
Dining
6,275 visits/mo
0.1 miles
Phillips 66
Shops & Services
4,845 visits/mo
0.2 miles
SUBWAY
Dining
1,242 visits/mo
0.2 miles
Pizza Hut
Dining
855 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Six Sonic drive-through properties offered for sale, with a 20-year absolute NNN sale leaseback upon close.
Where is this nnn property located?
The property is located at 8311 Hedge Lane Terrace Shawnee, KS.
What is the asking price?
The asking price for this property is $1,021,467.
What are key features of this property?
This property features: 6‑unit Sonic sale‑leaseback portfolio (available individually or as a portfolio) in Kansas; Year built: 2003; 20‑year absolute triple net (NNN) sale leaseback upon close of escrow; tenant handles taxes, insurance, and all repairs & maintenance including roof & structure; Lease includes 10% rental increases every 5 years plus three, five‑year tenant renewal options
