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| Price $2,320,000 | Built/Renov 1997 | Tenant Sonic Drive-In |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
1,304
| Lease Start
07-01-2024
| #Units
41
|
| Price/SF $1,779.14 | Expiration
07-01-2034
| Tenant Type Fast Casual/Rest. |
| NOI $145,000 | R. Term 9.9 | Ownership Fee Simple |
| Rent/SF
$111.20
| Increases 10.0%/5/yrs | Pop 5Mi 203,357 |
| Lot/AC 0.83 | Options 4/5yrs/10% | AHHI 5Mi $61,223 |
| | |
Sonic Drive-In is strategically located on Valley Hi Drive, with access to 18,348 vehicles passing by daily. The property is adjacent to Lackland Air Force Base and Sam Rayburn Middle School. The immediate area features well-known national tenants, including H-E-B, Walgreens, McDonald's, Taco Bell, Burger King, Dollar Tree, and more. The 5-mile trade area supports a population of 203,357...
...In location for years
Dense retail corridor
Near major nationals
Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
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...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
