Restaurant
Sonic Drive-In
101 Main St, Lake Dallas, TX 75065
Listing Price: $1,700,000
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.
Sonic Drive-In
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
Listing Price: $1,700,000
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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