877 Old Airport Road Bristol, VA 24201

Listing agency Marcus & Millichap - Washington, D.C. b***@marcusmillichap.com Show Phone

Listed by Bryn Merrey · License #MD 646476

Source Crexi

Added: Apr 10 Updated: Jul 21 at 1:16AM Checked: Jul 21 at 3:01AM

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Investment Insights

Based on property information with market context.

Marcus & Millichap presents the exclusive offering for a Sonic Drive-In located in Bristol, Virginia. The property is subject to a brand new Triple-Net (NNN) lease that will commence at the close of escrow. The offering includes 1,368 rentable square feet of building space on approximately 0.63 acres of land.

The current annual rent is $71,993, with 2.0% annual rental increases beginning in year six. The lease structure also provides for four (4) five (5)-year tenant renewal option periods.

As presented, this is a drive-through restaurant asset offered as an NNN investment with the stated lease terms in place at the close of escrow.

Key Highlights

• Sonic Drive‑In in Bristol, Virginia with a brand‑new Triple‑Net (NNN) lease commencing at escrow close
• 1,368 rentable SF building on approximately 0.63 acres of land
• Current annual rent is $71,993 with 2.0% annual rental increases starting in year six

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FAQs

What type of property is this?

Drive through restaurant - Sonic Drive-In for sale with a new triple-net lease commencing after escrow close.

Where is this drive through restaurant located?

The property is located at 877 Old Airport Road Bristol, VA.

What are key features of this property?

This property features: Sonic Drive‑In in Bristol, Virginia with a brand‑new Triple‑Net (NNN) lease commencing at escrow close; 1,368 rentable SF building on approximately 0.63 acres of land; Current annual rent is $71,993 with 2.0% annual rental increases starting in year six