May 31, 2022 – Bob Horvath, Todd Tremblay, Hobart Hare and Daylan Skidmore of Horvath & Tremblay have successfully completed the sale of a Sonic in Clinton, Louisiana. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,675,000.
Sonic is located at 9223 LA Route 67 in Clinton, Louisiana. The stand-alone building consists of 1,614 square feet on 1.91-acres of land. Sonic has over 19 years remaining on their original 20-year lease with two (2), 5-year renewal options. The lease features attractive 7% rental increases every 5 years throughout the base term and option periods. Sonic is conveniently located along the primary commercial corridor in Clinton, down the street from East Feliciana Middle School, and in close proximity to Clinton Elementary School, the Silliman Institute, and the Town Offices. The Property is situated on a large 1.91-acre parcel, with excellent visibility and frontage, two points of access, and prominent street-front signage on LA Route 67. Other notable retailers serving the area include Dollar General, AutoZone, O’Reilly Auto Parts, McDonald’s, Family Dollar, and Shoppers Value Foods supermarket.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.