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Virtual Drive-By

Sonic Drive-In Absolute NNN

3689 US 40 · Oakley, KS 67748-6002 · QSR / Restaurant

Asking price
$1,480,250
Cap rate
6.00%
NOI
$88,815

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Lease

Lease typeAbsolute NNN
Term remaining19.9 yrs
Expiration06/2046
Rent bumps10% Every 5 Years
Options3, 5-Year
Ground leaseNo
Credit profileFranchisee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,762
Price / SF$536
Year built2017
Lot size2.30 ac
TypeQSR/Fast Food, Restaurant
Days on market12

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​PRICING: $1,480,250
  • ​CAP RATE: 6.00%
  • ​NOI: $88,815
  • ​LEASE TERM: 20 YEARS
  • ​INCREASES: 10% EVERY 5 YEARS
  • ​6-UNIT PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)

Property overview

6-UNIT SONIC PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)

CBRE is pleased to present an exclusive listing for a 6-Unit Sonic Sale Leaseback portfolio in Kansas.​ The tenant will sign long-term leases upon the close of escrow.​ The properties are available individually or as a portfolio.​

20-YEAR ABSOLUTE TRIPLE NET (NNN) SALE LEASEBACK

Upon the close of escrow, the tenant will sign a 20-year Absolute Triple Net (NNN) Sale Leaseback.​ Tenant is responsible for taxes, insurance, and all repairs & maintenance at the property, including roof & structure, leaving landlord with zero management responsibilities.​ The lease features 10% rental increases every 5 years and three, five-year tenant renewal options.​

CONSERVATIVE RENT TO SALES RATIO

The lease has been structured with a conservative rent to sales ratio, ensuring long term operational success.​ Contact agent for more details.​

EXPERIENCED OPERATOR

The property is operated by SERJ Group, a successful multi-brand franchisee of Taco Bell and Sonic with 25+ locations across three states.​

I-70 CORRIDOR LOCATION

The subject property benefits from its location along US-40 directly adjacent to a point of entry along I-70, one of the most heavily traveled interstated in the region.​ I-70 connects Oakley to Denver to the west and Topeka and Kansas City to the east.​ The property also has the added benefit of a Tesla Supercharger station located adjacent to the property, an additional draw to the restaurant.​

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.