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Restaurant

Sonic Drive-In

1006 E 1st, Hughes Springs, TX 75656

Listing Price: $550,000

Cap Rate
8.51%
Tenant Name
Sonic
Years Remaining On Lease
3.8
Gross SF
1,801
Guarantor
Franchisee Guarantee
Rentable SF
1,801
Price/Gross SF
$305.39
Lease Type
Absolute Net
Rent Per Square Feet
$25.99

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Sonic in Hughes Springs, TX. The property consists of a 1,801-square-foot, freestanding building that sits on approximately 0.76 acres of land. There are 4.4 years remaining on the lease with 2% annual rental increases in the second option period.

Investment Highlights

  • Absolute Net Lease with 4.4 Years Remaining
  • Fifth-Largest Sonic Franchisee with 122 Locations
  • Main Street Location in Hughes Springs, Near Many Retailers
  • Strategic Location in a Qualified Opportunity Zone
  • Largest Chain of Drive-In Restaurants in the U.S. with 3,500+ Locations

Exclusively Listed By

Financing By

Restaurant

Sonic Drive-In

Listing Price: $550,000

Cap Rate
8.51%
Tenant Name
Sonic
Years Remaining On Lease
3.8
Gross SF
1,801
Guarantor
Franchisee Guarantee
Rentable SF
1,801
Price/Gross SF
$305.39
Lease Type
Absolute Net
Rent Per Square Feet
$25.99

Investment Highlights

  • Absolute Net Lease with 4.4 Years Remaining
  • Fifth-Largest Sonic Franchisee with 122 Locations
  • Main Street Location in Hughes Springs, Near Many Retailers
  • Strategic Location in a Qualified Opportunity Zone
  • Largest Chain of Drive-In Restaurants in the U.S. with 3,500+ Locations

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Sonic in Hughes Springs, TX. The property consists of a 1,801-square-foot, freestanding building that sits on approximately 0.76 acres of land. There are 4.4 years remaining on the lease with 2% annual rental increases in the second option period.

Exclusively Listed By

Financing By

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