NNN Sonic Drive-In in Gadsden, AL Sold for $1,596,774

SAN DIEGO, May 23, 2018

ACI Apartments is pleased to announce the recent sale of an NNN Sonic Drive-In property located in Gadsden, Alabama. The 1,624 square foot property situated on a 1.33-acre lot at 354 East Meighan Blvd, was purchased by The Gold Family Trust for $1,596,774.

The buyer was represented by Ricardo Lopez of ACI as part of an upleg for the 6 units sold previously at 204 E. California Ave. The seller, SD-Missouri LLC was represented by Matthew Anuszkiewicz of Marcus & Millichap.

The property, located in a dense retail corridor is surrounded by several popular retailers including Walmart, Hobby Lobby, Aldi, Dollar General, and T.J. Maxx. At the time of sale, the property had an ADTC count of 35,530. The property sold at 6.2% Cap Rate on a 20 year lease.

About ACI Apartments INC.

ACI is the most successful income property brokerage firm in the county since 1982. They specialize in apartment and investment property transactions, and have maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined.  Please visit us online at www.aciapartments.com