550 Northstar Ct · Tonganoxie, KS 66086-8904 · QSR / Restaurant
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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.
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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.
TONGANOXIE HIGH SCHOOL
The subject property is located directly across from Tonganoxie High School, the only high school in the market. Tonganoxie HS has a student enrollment of approximately 650 students and provides a reliable customer base for the restaurant. Also within close proximity to the school and restaurant is Chieftain Park and Magnatech Park, which are strong points of interest in this area.
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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.