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Restaurant

Sonic

409 W Randol Mill Rd, Arlington, TX 76011

Listing Price: $2,180,000

Cap Rate
5.00%
Tenant Name
AFG SR Arlington, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,625
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$67.08

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 409 W Randol Mill in Arlington, TX. The site will consist of roughly 1,625 rentable square feet of building space on estimated 0.65-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $109,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) of 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: $2,180,000

Cap Rate
5.00%
Tenant Name
AFG SR Arlington, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
1,625
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$67.08

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 409 W Randol Mill in Arlington, TX. The site will consist of roughly 1,625 rentable square feet of building space on estimated 0.65-acre parcel of land. The Sonic is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $109,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) of 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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