Restaurant
Sonic Drive-In
109 TX-274, Kemp, TX 75143
Listing Price: $1,700,000
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.
Sonic Drive-In
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
Listing Price: $1,700,000
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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