Dark Sonic Drive-In
  • $1,100,000

Property Highlights

  • Existing Lease Cash Flow | The franchisee remains obligated to pay rent for the next 16 years, ensuring a stable short-term income stream despite the property being dark. This cash flow mitigates immediate risk while offering flexibility to the new owner
  • Rent Escalations |The lease includes 7% rent escalations every 5 years, which increases the property’s income potential over time
  • Triple Net (NNN) Lease | The tenant covers all operational costs, including property taxes, insurance, and maintenance, leaving the landlord with no management responsibilities. This structure is ideal for investors seeking a hands-off ownership experience
  • Prime Repositioning Opportunity | The site’s current configuration as a drive-in makes it an excellent candidate for repurposing into a drive-thru restaurant, automotive service center, or local retail hub
  • Affordable Entry Point | The property’s pricing offers a low-cost entry into the Florida commercial real estate market, making it accessible to both seasoned investors and owner-operators. Comparable properties in nearby Jacksonville or Gainesville command significantly higher prices
  • Highway Visibility | Situated on U.S. Highway 301, the property benefits from consistent exposure to regional and commuter traffic, enhancing its potential for attracting customers

Read More

Details

  • Price $1,100,000
  • Year Built 2005
  • Property Type Single Tenant

Additional Details

  • Price/SF $775.19
  • APN 03646-0-00000
  • Rentable Area 1,419 SF
  • Lot Size 0.56 AC
  • Address: 825 N Temple Ave
  • City: Starke
  • State/county: Florida
  • Zip/Postal Code: 32091

Other Listings