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Restaurant

Sonic Drive-In

101 Main St, Lake Dallas, TX 75065

Listing Price: $1,700,000

Cap Rate
6.00%
Tenant Name
Sonic
Gross SF
1,440
Guarantor
Franchisee Guarantee
Rentable SF
1,440
Price/Gross SF
$1,180.56
Lease Type
Ground Lease
Rent Per Square Feet
$70.83

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Sonic in Lake Dallas, Texas. The property consists of a 1,440-square-foot freestanding building that sits on approximately 0.48 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
  • Ease of Access to Nearby Interstate 35, Where Traffic Counts Exceed 118,765 Vehicles per Day
  • Affluent Trade Area - Average Household Income is $138,588 Within a Five-Mile Radius
  • Dallas/Fort Worth MSA Location
  • Denton County was the Seventh Texas County to Surpass One Million Residents and Ranks Third Statewide in Population Growth for 2023
  • More Than 114,776 Residents Within a Five-Mile Radius

Exclusively Listed By

Financing By

Restaurant

Sonic Drive-In

Listing Price: $1,700,000

Cap Rate
6.00%
Tenant Name
Sonic
Gross SF
1,440
Guarantor
Franchisee Guarantee
Rentable SF
1,440
Price/Gross SF
$1,180.56
Lease Type
Ground Lease
Rent Per Square Feet
$70.83

Investment Highlights

  • New 15-Year Ground Lease with 10 Percent Rental Escalations Every Five Years
  • Ease of Access to Nearby Interstate 35, Where Traffic Counts Exceed 118,765 Vehicles per Day
  • Affluent Trade Area - Average Household Income is $138,588 Within a Five-Mile Radius
  • Dallas/Fort Worth MSA Location
  • Denton County was the Seventh Texas County to Surpass One Million Residents and Ranks Third Statewide in Population Growth for 2023
  • More Than 114,776 Residents Within a Five-Mile Radius

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Sonic in Lake Dallas, Texas. The property consists of a 1,440-square-foot freestanding building that sits on approximately 0.48 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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