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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 9.7 | 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 9,648 | 78,349 | 211,876 |
| 2024 Total Population : | 9,938 | 78,803 | 206,254 |
| 2024 Employed Civilian Pop : | 3,401 | 30,835 | 89,522 |
| 2024 Total Businesses : | 171 | 1,177 | 2,870 |
| 2024 Average Household Income : | $ 71,456 | $ 66,148 | $ 73,777 |
| 2024 Total Consumer Spending : | $ 130 M | $ 1379 M | $ 4233 M |
| 2024 Median Age : | 24 | 29 | 31 |
| 2024 Total Households : | 2,032 | 23,041 | 63,807 |
| 2024 Pop Age 25+: Bachelor's Degree : | 569 | 4,697 | 15,432 |
| 2024 Average Home Value : | $ 279,678 | $ 211,237 | $ 223,915 |
Fayetteville, GA
Cap Rate 6.25%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 1,200
Columbus, NE
Cap Rate 7.00%
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R. Term 24.50 yrs
Size/SF 6,860
Blairsville, GA
Cap Rate 5.25%
Lease Abs NNN
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%
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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
Kerrville, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 13.70 yrs
Size/SF 3,027
Dixon, IL
Cap Rate 5.70%
Lease NN+
R. Term 13.50 yrs
Size/SF 2,350
Harlingen, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 6.11 yrs
Size/SF 2,392
Monroe, NC
Cap Rate 5.85%
Lease Double NN
R. Term 13.30 yrs
Size/SF 2,700
Roanoke Rapids, NC
Cap Rate 7.00%
Lease Abs NNN
R. Term 17.00 yrs
Size/SF 2,405
Owasso, OK
Cap Rate 6.75%
Lease Abs NNN
R. Term 9.50 yrs
Size/SF 2,200
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
