Sold Subscription Required
| Price $1,483,636 | Built/Renov 1993 | Tenant Sonic Drive-In |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
1,215
| Lease Start
12-01-2024
| #Units
54
|
| Price/SF $1,221.10 | Expiration
11-30-2039
| Tenant Type Fast Casual/Rest. |
| NOI $81,600 | R. Term 15.0 | Ownership Fee Simple |
| Rent/SF
$67.16
| Increases 10.0%/5/yrs | Pop 5Mi 263,096 |
| Lot/AC 1.11 | Options 4/5yrs/10% | AHHI 5Mi $48,486 |
| | |
Sonic Drive-In is strategically located on Little York Road, with access to 32,302 vehicles passing by daily. The property is centrally positioned in a dense retail corridor, offering multiple points of ingress and egress. The immediate area is surrounded by well-known national tenants, including Burger King, Taco Bell, McDonald’s, Chick-fil-A, and more. The 5-mile trade area supports a...
...Build to suit
In location for years
Dense retail corridor
Freeway visibility
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
50+ 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 : | 12,336 | 115,564 | 257,351 |
| 2024 Total Population : | 12,587 | 113,969 | 255,598 |
| 2024 Employed Civilian Pop : | 5,130 | 46,297 | 105,666 |
| 2024 Total Businesses : | 341 | 2,586 | 7,980 |
| 2024 Average Household Income : | $ 64,033 | $ 58,443 | $ 59,726 |
| 2024 Total Consumer Spending : | $ 197 M | $ 1805 M | $ 4369 M |
| 2024 Median Age : | 33 | 34 | 34 |
| 2024 Total Households : | 3,409 | 33,972 | 80,594 |
| 2024 Pop Age 25+: Bachelor's Degree : | 218 | 3,809 | 11,425 |
| 2024 Average Home Value : | $ 228,620 | $ 200,602 | $ 225,149 |
West Columbia, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.10 yrs
Size/SF 1,781
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
