Restaurant
Sonic Drive-In Ground Lease
8915 Fry Rd, Cypress, TX 77433
Listing Price: $1,790,000
Cap Rate
5.38%
Tenant Name
Sonic Drive-In
Years Remaining On Lease
6.5
Guarantor
Franchisee Guarantee
Rentable SF
1,483
Lease Type
NNN Ground Lease
Rent Per Square Feet
$64.90
Investment Overview
The subject property is a single tenant Sonic Drive-In ground lease opportunity in the desirable Cypress, Texas market.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
Listing Price: $1,790,000
Cap Rate
5.38%
Tenant Name
Sonic Drive-In
Years Remaining On Lease
6.5
Guarantor
Franchisee Guarantee
Rentable SF
1,483
Lease Type
NNN Ground Lease
Rent Per Square Feet
$64.90
Investment Highlights
- Absolute Triple Net (NNN) Ground Lease
- Original 15-year Lease with Approximately 6.5 years Remaining
- Outparcel to a Walmart Supercenter Anchored Shopping Center
Investment Overview
The subject property is a single tenant Sonic Drive-In ground lease opportunity in the desirable Cypress, Texas market.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
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