Sonic

• Personal Guarantee – The lease is backed by an absolute, unconditional, and irrevocable personal guarantee providing additional credit support and recourse beyond the tenant entity.
• Affluent Demographics – Average household income exceeds $149,836 within a 5-mile radius, supporting a strong, stable, and affluent consumer base.
• Direct Highway 101 Access – Excellent visibility and accessibility along Highway 101, which experiences traffic counts exceeding 53,840 vehicles per day.
• 18-Year Operating History – This established location has operated successfully for approximately 18 years, demonstrating long-term site performance and market viability.
• Absolute NNN Lease with 2% Annual Rent Increases – Zero landlord responsibilities. The tenant is responsible for all operating expenses, including real estate taxes, insurance, roof, structure, and parking lot maintenance. The lease features 2% annual rent increases throughout the base term and renewal option periods, providing built-in income growth.
• Percentage Rent Upside – The lease includes a 7% percentage rent provision above a defined sales breakpoint, offering potential income upside while providing valuable transparency into unit-level sales performance.