Sonic

Property Highlights

• Long-Term NNN Lease Structure – Sonic is on a 15-year NNN lease with approximately 3.5 years remaining and scheduled 2% annual rent increases.
• Strong Traffic Counts & Visibility – Positioned along County Road 42, one of Savage’s primary commercial corridors, the property benefits from excellent visibility and exposure with approximately 37,500 vehicles per day.
• Affluent & Growing Demographics – Located within a strong suburban market with a 5-mile population of 149,030 and an average household income of $143,207, supporting long-term retail demand.
• Prime Retail Location – Strategically located near Burnsville Center, the property benefits from convenient accessibility and proximity to major national retailers, restaurants, and essential services.
• Established Retail Corridor – Surrounded by national retailers including Target, Hy-Vee, Cub Foods, Taco John’s, Starbucks, and Life Time Fitness, creating consistent retail traffic throughout the day.
• Recognized National Restaurant Brand – Sonic Drive-In is a leading quick-service restaurant brand known for its iconic drive-in format and made-to-order menu featuring hamburgers, hot dogs, chicken sandwiches, tater tots, breakfast items, and its famous selection of customizable drinks and milkshakes.
• Experienced Franchise Operator – The tenant on the lease is Tower Capital, LLC with a personal guaranty by Ehab Monsour. Ehab Monsour operates four Sonic Drive-In locations throughout Minnesota, including properties in Bloomington, Elk River, Columbia Heights, and Savage.