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Restaurant

Sonic Drive-In

109 TX-274, Kemp, TX 75143

Listing Price: $1,700,000

Cap Rate
6.00%
Tenant Name
Sonic
Gross SF
1,704
Guarantor
Franchisee Guarantee
Rentable SF
1,704
Price/Gross SF
$997.65
Lease Type
Ground Lease
Rent Per Square Feet
$59.86

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Sonic Drive-In located in Kemp, Texas. The property consists of a 1,704-square-foot freestanding building that sits on approximately 0.79 acres of land. This is a sale/leaseback with 15 year lease term, with 10 percent rental increases every five years.

Investment Highlights

  • New 15-Year Ground Lease with 10 Percent Rental Escalations Every Five Years
  • Conveniently Located Near Several Schools (Kemp Intermediate, Junior, and High Schools) and the Newly Constructed Lakeside Health and Wellness Center, a 124-Bed Facility
  • Ease of Access to Nearby Highway 175, Where Traffic Counts Exceed 10,853 Vehicles per Day
  • Includes a Large Playground Area
  • Located on the Northern Shore of Cedar Creek Lake 46 Miles Southeast of Downtown Dallas

Exclusively Listed By

Financing By

Restaurant

Sonic Drive-In

Listing Price: $1,700,000

Cap Rate
6.00%
Tenant Name
Sonic
Gross SF
1,704
Guarantor
Franchisee Guarantee
Rentable SF
1,704
Price/Gross SF
$997.65
Lease Type
Ground Lease
Rent Per Square Feet
$59.86

Investment Highlights

  • New 15-Year Ground Lease with 10 Percent Rental Escalations Every Five Years
  • Conveniently Located Near Several Schools (Kemp Intermediate, Junior, and High Schools) and the Newly Constructed Lakeside Health and Wellness Center, a 124-Bed Facility
  • Ease of Access to Nearby Highway 175, Where Traffic Counts Exceed 10,853 Vehicles per Day
  • Includes a Large Playground Area
  • Located on the Northern Shore of Cedar Creek Lake 46 Miles Southeast of Downtown Dallas

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Sonic Drive-In located in Kemp, Texas. The property consists of a 1,704-square-foot freestanding building that sits on approximately 0.79 acres of land. This is a sale/leaseback with 15 year lease term, with 10 percent rental increases every five years.

Exclusively Listed By

Financing By

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