Alaska Sonic Drive-In

For Sale

420 Merhar Avenue, Fairbanks, AK 99701

This Fairbanks property for sale is located at 420 Merhar Avenue. The current listed sale price for Alaska Sonic Drive-In is $2,273,440. Alaska Sonic Drive-In is situated on a lot that is 0.92 acre in size.

Contacts

broker

Cody Crist

Trinity Real Estate Investment Services

Property Details

  • Property Type Retail - Freestanding
  • Property Size 3,530 SF
  • Units 1
  • Lot Size 0.92 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2006
  • Year Renovated 2020
  • Date Updated Sep 23, 2024
TBDTrinity Real Estate Investment Services is pleased to present the opportunity to acquire an absolute NNN Sonic in Fairbanks, AK. There are 7+ years remaining on the current term with 1.50% rental increases occurring annually. Broker of Record: Brian Brockman | Bang Realty-Pacific Inc. | AK #164417 | 40 W 4th Avenue, STE 104 Anchorage, AK 99501

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Highlights

  • Absolute NNN Lease Fairbanks, Alaska Sonic Drive-In
  • 5+ Years Remaining on Current Term of Lease
  • Attractive 1.5% Annual Rental Increases Throughout Term of the Lease
  • Site Significantly Outperforming Average Unit Level Sales Volume for Sonic - Contact Agents for More Details
  • Larger Footprint - 3,530 SF Which is Traditional Size for QSR Restaurants
  • Almost 1 Acre Parcel Along Fairbank's Major Retail Corridor - Walmart, Lowe's, Home Depot, PETCO
  • Great Visibility Along Johansen Expy (Almost 20K VPD)
  • Sonic Successfully Opened its First Site in Alaska in 2019 and has Since Expanded to Four Additional Locations Across the State

Attachments

Getting around

  • 44/100

    Walk Score ®

  • 27/100

    Transit Score ®

  • 84/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Fairbanks, AK
  • Zip Code 99701

Points of Interest

  • Fairbanks

    1.30 miles

  • Taxi Hot Spot

    5.74 miles

  • Holiday

    0.43 miles

  • Fred Meyer Gas

    0.46 miles

  • Tesoro

    0.54 miles

  • Safeway Fuel Station

    0.56 miles

  • Chevron

    1.06 miles

  • Sourdough Fuel

    1.06 miles

  • Sourdough Fuel

    1.55 miles

  • AAFES Express

    1.93 miles

  • Tesoro

    3.15 miles

  • Safeway Fuel Station

    3.64 miles

  • UAF CTC Parking

    1.39 miles

  • Red Gate Parking

    1.93 miles

  • Commissary Exchange

    3.00 miles

  • Physical Plant, East

    3.39 miles

  • Taku

    3.39 miles

  • University Park

    3.40 miles

  • Physical Plant, North

    3.40 miles

  • Physical Plant, West

    3.43 miles

  • Cooperative Extension Service

    3.44 miles

  • Ballaine

    3.46 miles

  • Sonic

    0.00 miles

  • Irashai

    0.09 miles

  • McDonald's

    0.10 miles

  • Good Titrations

    0.16 miles

  • The Hungry Robot

    0.45 miles

  • KFC

    0.46 miles

  • Gallo's Mexican Restaurant

    0.48 miles

  • Food Factory

    0.49 miles

  • Bruegger's Bagels

    0.50 miles

  • Papa John's

    0.51 miles

  • Walmart Supercenter

    0.32 miles

  • Fred Meyer

    0.36 miles

  • Bentley Mall

    0.46 miles

  • Safeway

    0.47 miles

  • Co-op Downtown Plaza

    1.22 miles

  • Co-op Market

    1.52 miles

  • Co-Op Market Grocery & Deli

    1.52 miles

  • Exchange

    2.95 miles

  • Commissary

    2.99 miles

  • Washington Plaza

    3.41 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Cody Crist

Trinity Real Estate Investment Services