AVONDALE, Ariz. (Nov. 13, 2026) — An affiliate of the Sonic Drive-In operator at 601 N. Central Ave. in Avondale purchased the property for $1,563,500, or approximately $1,348 per square foot, ORION Investment Real Estate announced.
The single-tenant, net-leased property includes a 1,160-square-foot drive-in restaurant on approximately 0.49 acres. The all-cash sale closed Nov. 6, 2026, less than 30 days after the purchase agreement was signed.
The seller, Corridor Living, L.L.C., acquired the property for $1.2 million in April 2026 as part of a 1031 exchange. The resale just over six months later was $363,500 above the April purchase price, an increase of about 30 percent.
“The tenant approached my client shortly after he closed about purchasing the property themselves,” said Nick Miner, CCIM, senior vice president at ORION Investment Real Estate. “This was a real win-win for my client and the tenant.”
Miner represented Corridor Living, L.L.C., an Arizona limited liability company. The buyer, B & B Merritt Real Estate, LLC, a Colorado limited liability company affiliated with the restaurant operator, represented itself.