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| Price $2,320,000 | Built/Renov 2010 | Tenant Sonic Drive-In |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
1,509
| Lease Start
07-01-2024
| #Units
41
|
| Price/SF $1,537.44 | Expiration
07-01-2034
| Tenant Type Fast Casual/Rest. |
| NOI $145,000 | R. Term 9.7 | Ownership Fee Simple |
| Rent/SF
$96.09
| Increases 10.0%/5/yrs | Pop 5Mi 149,476 |
| Lot/AC 0.75 | Options 4/5yrs/10% | AHHI 5Mi $118,955 |
| | |
Sonic Drive-In is strategically located on TPC Parkway, with access to 16,049 vehicles passing by daily. The property is situated across the street from Johnson High School, which has an enrollment of 3,210 students, and benefits from limited fast food competition. The immediate area is surrounded by well-known national tenants, including Target, Sam's Club, Hobby Lobby, HomeGoods, Sprouts...
...Build to suit
In location for years
Near major nationals
Strong tenant synergy
Top 100 MSA
Strong demographics
Income tax free state
Brand new lease
Absolute NNN
25+ unit franchisee backed
Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 6,375 | 79,977 | 168,466 |
| 2024 Total Population : | 6,332 | 74,253 | 159,672 |
| 2024 Employed Civilian Pop : | 3,499 | 39,576 | 86,970 |
| 2024 Total Businesses : | 210 | 1,362 | 4,725 |
| 2024 Average Household Income : | $ 196,228 | $ 147,902 | $ 142,646 |
| 2024 Total Consumer Spending : | $ 311 M | $ 3319 M | $ 7090 M |
| 2024 Median Age : | 37 | 37 | 38 |
| 2024 Total Households : | 1,841 | 25,942 | 57,473 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,015 | 17,439 | 37,010 |
| 2024 Average Home Value : | $ 514,872 | $ 450,233 | $ 429,803 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Tpc Pkwy | Bulverde Rd | 2014 | 15,097 | 0.06 mi |
| Marshall Rd | Woodlawn Ridge | 2005 | 3,159 | 0.19 mi |
| Marshall Rd | Bulverde Rd | 2015 | 9,275 | 0.20 mi |
| Bulverde Rd | Cibolo Canyon | 2015 | 21,982 | 0.21 mi |
| Bulverde Rd | Marshall Rd | 2013 | 16,824 | 0.25 mi |
| Bulverde Rd | Tpc Pkwy | 2015 | 10,214 | 0.27 mi |
| Bulverde Rd | Tpc Pkwy | 2014 | 22,137 | 0.29 mi |
| TPC Parkway | Cibolo Canyon | 2020 | 14,255 | 0.31 mi |
| Cibolo Canyon | Tpc Pkwy | 2014 | 11,504 | 0.31 mi |
| Cibolo Canyon | 2022 | 14,220 | 0.44 mi |
Kerrville, TX
Cap Rate 6.00%
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Size/SF 3,027
Dixon, IL
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Cap Rate 5.35%
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Roanoke Rapids, NC
Cap Rate 7.00%
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Monroe, NC
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Owasso, OK
Cap Rate 6.75%
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Fayetteville, GA
Cap Rate 6.25%
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Columbus, NE
Cap Rate 7.00%
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Blairsville, GA
Cap Rate 5.25%
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R. Term 20.00 yrs
Size/SF 1,246
Appleton, WI
Cap Rate 6.00%
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Size/SF 3,042
San Antonio, TX
Cap Rate 6.25%
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R. Term 15.10 yrs
Size/SF 1,650
Albuquerque, NM
Cap Rate 6.35%
Lease Abs NNN
R. Term 5.40 yrs
Size/SF 3,264
Dayton, OH
Cap Rate 5.50%
Lease NN+
R. Term 13.60 yrs
Size/SF 2,325
Delta, CO
Cap Rate 6.25%
Lease Abs NNN
R. Term 20.20 yrs
Size/SF 1,526
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
