Restaurant
Sonic | Mercedes, TX
620 E 2nd St, Mercedes, TX 78570
Listing Price: $2,250,000
Cap Rate
6.40%
Tenant Name
Sonic
Years Remaining On Lease
16.3
Guarantor
Personal Guarantee
Rentable SF
1,500
Lease Type
Absolute Net
Rent Per Square Feet
$95.93
Investment Overview
See OM for details
Sonic | Mercedes, TX
Investment Highlights
- New Sonic Construction • Property Built in 2022 • State Of the Art Property – Featuring Sonic's Latest Prototype
- Location • Located on a Signalized Intersection Hard-Corner Retail Site with Visibility from Interstate 2 (59K VPD) • Strong Demographics - 55,500 People Within a 5-Mile Radius and is Projected to Inc
- Lease • 16+ Years Remaining on Base Term • Attractive 7.50% rent escalations every five years, with an upcoming increase in the first 14 months of ownership • NNN – No Landlord Responsibilities
- Personal Guaranty by Al Trevino / CEO of Crush Enterprises • Currently Operates 19 Sonic Locations Across 4 States • Expansion Momentum: 10 New Sites Scheduled Across South Texas
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Listing Price: $2,250,000
Cap Rate
6.40%
Tenant Name
Sonic
Years Remaining On Lease
16.3
Guarantor
Personal Guarantee
Rentable SF
1,500
Lease Type
Absolute Net
Rent Per Square Feet
$95.93
Investment Highlights
- New Sonic Construction • Property Built in 2022 • State Of the Art Property – Featuring Sonic's Latest Prototype
- Location • Located on a Signalized Intersection Hard-Corner Retail Site with Visibility from Interstate 2 (59K VPD) • Strong Demographics - 55,500 People Within a 5-Mile Radius and is Projected to Inc
- Lease • 16+ Years Remaining on Base Term • Attractive 7.50% rent escalations every five years, with an upcoming increase in the first 14 months of ownership • NNN – No Landlord Responsibilities
- Personal Guaranty by Al Trevino / CEO of Crush Enterprises • Currently Operates 19 Sonic Locations Across 4 States • Expansion Momentum: 10 New Sites Scheduled Across South Texas
Investment Overview
See OM for details
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
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