Northmarq investment sales broker Matt Lipson arranged the $1.25 million sale-leaseback of a Sonic Drive-In, a 1,127-square-foot single-tenant retail property.
The building sits on 0.33 acres of land at 228 West Maple St. in Columbus, Kansas. The property is leased to a 31-unit franchisee at the time of contract signing. Northmarq represented the Missouri-based seller and Hamman Real Estate represented the California-based individual investor in the sale.
The freestanding restaurant is situated in central Columbus with a population of 3,856 within five miles. In addition to easy access to US Highway 160, the property is near Coffeyville Community College with an enrollment of 1,772 students and Columbus High School. Surrounding retailers include Dollar General, True Value Hardware, Subway, Napa Auto Parts and Verizon Wireless.
