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| Price $2,488,117 | Built/Renov 1994 | Tenant Sonic Drive-In |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
1,518
| Lease Start
12-03-2021
| #Units
54
|
| Price/SF $1,639.08 | Expiration
12-31-2036
| Tenant Type Fast Casual/Rest. |
| NOI $149,287 | R. Term 12.0 | Ownership Fee Simple |
| Rent/SF
$98.34
| Increases 10.0%/5/yrs | Pop 5Mi 50,808 |
| Lot/AC 0.64 | Options 3/5yrs/10% | AHHI 5Mi $101,250 |
| | |
Sonic Drive-In is strategically located on Highway 332, with access to 16,817 vehicles passing by daily. The property is surrounded by well-known national tenants, including Planet Fitness, Tractor Supply, Kohl’s, Hobby Lobby, TJ Maxx, Best Buy, and more. The 5-mile trade area supports a population of 50,808 residents with an affluent average household income of $101,250. Lake Jackson is a...
...Build to suit
Dense retail corridor
Highway location
Strong tenant synergy
Top 100 MSA
Affluent AHHI $100K 5 Mi
Income tax free state
Absolute NNN
Long 10+ yr lease
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 : | 3,504 | 29,015 | 51,832 |
| 2024 Total Population : | 3,544 | 28,817 | 51,138 |
| 2024 Employed Civilian Pop : | 1,787 | 14,484 | 24,544 |
| 2024 Total Businesses : | 481 | 920 | 1,648 |
| 2024 Average Household Income : | $ 137,315 | $ 126,537 | $ 117,687 |
| 2024 Total Consumer Spending : | $ 179 M | $ 1216 M | $ 1954 M |
| 2024 Median Age : | 39 | 38 | 36 |
| 2024 Total Households : | 1,497 | 11,017 | 18,885 |
| 2024 Pop Age 25+: Bachelor's Degree : | 731 | 5,253 | 7,541 |
| 2024 Average Home Value : | $ 335,939 | $ 296,032 | $ 281,887 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Lake Road | Hwy 332 W | 2022 | 8,475 | 0.12 mi |
| Lake Rd | Hwy 332 W | 2006 | 9,860 | 0.14 mi |
| Lake Rd | FM 2004 | 2006 | 11,460 | 0.26 mi |
| State Highway 332 West | Eucalyptus St | 2022 | 14,035 | 0.28 mi |
| FM 2004 | Hwy 332 W | 2022 | 7,820 | 0.29 mi |
| Lake Road | Bayou Rd | 2022 | 3,862 | 0.33 mi |
| FM 2004 | Hwy 332 W | 2022 | 7,153 | 0.39 mi |
| State Hwy 288 | 2022 | 9,001 | 0.59 mi | |
| Bayou Rd | 856 | 2006 | 2,280 | 0.64 mi |
| TX 332 | Abner Jackson Pkwy | 2022 | 14,635 | 0.66 mi |
Columbus, NE
Cap Rate 7.00%
Lease Abs NNN
R. Term 24.50 yrs
Size/SF 6,860
Roanoke Rapids, NC
Cap Rate 7.00%
Lease Abs NNN
R. Term 17.00 yrs
Size/SF 2,405
Dayton, OH
Cap Rate 5.50%
Lease NN+
R. Term 13.60 yrs
Size/SF 2,325
Sevierville, TN
Cap Rate 5.00%
Lease Abs NNN
R. Term 19.00 yrs
Size/SF 4,995
Grapevine, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 13.50 yrs
Size/SF 2,389
Corona, CA
Cap Rate 5.00%
Lease NN+
R. Term 7.30 yrs
Size/SF 2,533
Appleton, WI
Cap Rate 6.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 3,042
Bellmawr, NJ
Cap Rate 5.00%
Lease NN+
R. Term 12.00 yrs
Size/SF 2,325
Monroe, NC
Cap Rate 5.85%
Lease Double NN
R. Term 13.30 yrs
Size/SF 2,700
Middleburg Heights, OH
Cap Rate 5.75%
Lease NN+
R. Term 14.70 yrs
Size/SF 3,429
Reading, PA
Cap Rate 5.50%
Lease NN+
R. Term 15.00 yrs
Size/SF 3,150
Lubbock, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 4,000
Kerrville, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 13.70 yrs
Size/SF 3,027
Orlando, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 2,520
Dixon, IL
Cap Rate 5.70%
Lease NN+
R. Term 13.50 yrs
Size/SF 2,350
Owasso, OK
Cap Rate 6.75%
Lease Abs NNN
R. Term 9.50 yrs
Size/SF 2,200
Harlingen, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 6.11 yrs
Size/SF 2,392
Blairsville, GA
Cap Rate 5.25%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 1,246
Taylorville, IL
Cap Rate 6.50%
Lease Abs NNN
R. Term 19.50 yrs
Size/SF 1,576
Butte, MT
Cap Rate 7.00%
Lease Abs NNN
R. Term 17.00 yrs
Size/SF 3,400
San Antonio, TX
Cap Rate 6.25%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 1,650
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
