Property Details for 2530 Tn-46

Property type

Retail properties & Spaces

Description

This exceptional investment opportunity presents a freestanding Sonic Drive-In restaurant located at 2530 TN-46, Dickson, TN 37055. The property boasts a 1,225 square foot building situated on a 43,124 square foot lot, offering ample space for operations and customer convenience. The property benefits from a high-traffic location on Highway 46 (26,680 AADT), just one-third of a mile from Interstate 40 (39,464 AADT), ensuring significant visibility and accessibility. The absolute NNN lease with Sonic, a prominent national brand, provides a secure investment with approximately 8.2 years remaining on the initial term, plus two 5-year renewal options. The current lease commenced August 1, 2009, and expires January 15, 2033. The property generates a strong NOI of $157,331, resulting in a 5.50% cap rate. The asking price is $2,861,000. The location enjoys proximity to various amenities, including Colton's Steak House & Grill, Koto Asian Cuisine, O'Charley's Restaurant & Bar, several hotels, and convenience stores. Within a 5-mile radius, the daytime population is 21,172, and the average household income within 3 miles is $85,248. The area also benefits from access to post-secondary education institutions such as Nashville State Community College and Freed-Hardeman University, and healthcare facilities including TriStar Natchez ER and TriStar Horizon Medical Center. Tennessee's favorable tax environment, with no state income tax, further enhances the investment's appeal. This is a rare opportunity to acquire a well-established, high-performing Sonic Drive-In in a prime location.

Location Insight

City

Dickson

County

Dickson

State

Tennessee

Longitude

-87.3321

Latitude

36.0141