Restaurant
Sonic Drive-In (Corporate - Low Rent Ground Lease)
1208 Federal Rd, Houston, TX 77015
Listing Price: $830,000
Investment Overview
Houston Write Up
Marcus & Millichap is proud to offer for sale the corporate guaranteed ground leased Sonic Drive-In located along Federal Road in Houston, TX. The property offers a landlord a completely passive, corporate guaranteed ground lease through February of 2025. Sonic has successfully operated at this location for 17+ years benefiting from their 2-block proximity to Interstate 10 and exposure to over 13,400 cars daily along Federal Road. The site is also equipped with two separate points of access allowing for easy ingress and egress. Nearby retailers in the immediate proximity include Sam’s Club, Academy Sports + Outdoors, Home Depot, O’Reilly Auto Parts and AutoZone. The subject site is the only Sonic Drive-In within a 5-mile radius, catering to over 181,000 residents within that proximity.
Houston, Texas is the 4th most populated city in the United States and in the state of Texas with over 2,250,000 residents. The city has experienced an average annual population growth rate of 1.80% since 2019. Twenty-four Fortune 500 companies are headquartered in Houston, ranking only third behind New York and Chicago.
Sonic Drive-In (Corporate - Low Rent Ground Lease)
Investment Highlights
- Corporate Guaranteed Ground Lease – Zero Landlord Responsibility
- Large 1.26-Acre Parcel – Two Access Points
- Tenant Pays Low Rents of $55,902 Annually – High Probability of Future Lease Option Renewal
- One 5-Year Option Remains w/ 10% Rent Increase – 17+ Years Historical Occupancy
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $830,000
Investment Highlights
- Corporate Guaranteed Ground Lease – Zero Landlord Responsibility
- Large 1.26-Acre Parcel – Two Access Points
- Tenant Pays Low Rents of $55,902 Annually – High Probability of Future Lease Option Renewal
- One 5-Year Option Remains w/ 10% Rent Increase – 17+ Years Historical Occupancy
Investment Overview
Houston Write Up Marcus & Millichap is proud to offer for sale the corporate guaranteed ground leased Sonic Drive-In located along Federal Road in Houston, TX. The property offers a landlord a completely passive, corporate guaranteed ground lease through February of 2025. Sonic has successfully operated at this location for 17+ years benefiting from their 2-block proximity to Interstate 10 and exposure to over 13,400 cars daily along Federal Road. The site is also equipped with two separate points of access allowing for easy ingress and egress. Nearby retailers in the immediate proximity include Sam’s Club, Academy Sports + Outdoors, Home Depot, O’Reilly Auto Parts and AutoZone. The subject site is the only Sonic Drive-In within a 5-mile radius, catering to over 181,000 residents within that proximity. Houston, Texas is the 4th most populated city in the United States and in the state of Texas with over 2,250,000 residents. The city has experienced an average annual population growth rate of 1.80% since 2019. Twenty-four Fortune 500 companies are headquartered in Houston, ranking only third behind New York and Chicago.
Exclusively Listed By
Broker of Record
Financing By
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