NNN Retail Sonic – 1031 Acquisition

Southeast, US


Funding Purpose

Tauro Capital Advisors, Inc. was exclusively engaged to place 1031 acquisition debt for 21 Single Tenant Net Lease QSR’s. This property was financed with a local lender.

Property Description

This asset consists of a Sonic NNN Retail property located in the southeastern US. it was built in 2004 and is nearly 2,000 square feet.


The sponsor managed a multifamily asset for over 20 years until he decided to sell it for $45M allowing him to purchase 21 STNL retail properties as part of a 1031 exchange.


  • Tauro was tasked with sourcing debt for the entire portfolio consisting of 21 properties over $20M and had to stay diligent and organized to find the best financing for each.


  • In this case, Tauro sourced a local credit union that had the best terms for this property based on proximity to the lending institution.


  • Loan to Value: 50%
  • Interest Rate: 6.48% Fixed
  • Term: 10 Years
  • Amortization: 30 Years
  • Prepayment: No Penalty
  • Close Date: 9/18/2023

Associate Director  | Capital Advisor



Managing Director  | Capital Advisor