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Restaurant

Sonic

1201 S Bowen Rd, Arlington, TX 76013

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
AFR SR Bowen, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,468
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$85.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 1201 S Bowen Rd in Arlington, Texas. The site will consist of roughly 1,468 rentable square feet of building space on estimated 0.75-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon the close of escrow. The initial annual rent will be $125,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) and continuing throughout the base term and into each of the four (4), five (5)-year renewal options.

Investment Highlights

  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Franchisee Guarantee from AFG SR OP I, LLC (25 Units)
  • 1.50% Annual Rental Increases Starting Year Six (6)

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
AFR SR Bowen, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,468
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$85.15

Investment Highlights

  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Franchisee Guarantee from AFG SR OP I, LLC (25 Units)
  • 1.50% Annual Rental Increases Starting Year Six (6)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 1201 S Bowen Rd in Arlington, Texas. The site will consist of roughly 1,468 rentable square feet of building space on estimated 0.75-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon the close of escrow. The initial annual rent will be $125,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) and continuing throughout the base term and into each of the four (4), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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