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Restaurant

Sonic

5201 Lakeview Pkwy, Rowlett, TX 75088

Listing Price: $1,768,421

Cap Rate
4.75%
Tenant Name
AFG SR Rowlett, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
1,195
Lease Type
Absolute Net
Rent Per Square Feet
$70.29

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Sonic located at 5201 Lakeview Parkway in Rowlett, TX. The site will consist of roughly 1,195 rentable square feet of building space on an estimated 0.51-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 $84,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) of the base term and continuing throughout 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 III, LLC (15 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

Listing Price: $1,768,421

Cap Rate
4.75%
Tenant Name
AFG SR Rowlett, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
1,195
Lease Type
Absolute Net
Rent Per Square Feet
$70.29

Investment Highlights

  • 20-Year Absolute Triple-Net (NNN) Sale-leaseback
  • Franchisee Guarantee from AFG SR OP III, LLC (15 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 5201 Lakeview Parkway in Rowlett, TX. The site will consist of roughly 1,195 rentable square feet of building space on an estimated 0.51-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 $84,000 and is scheduled to increase by one-and-a-half percent (1.50%) annually starting year six (6) of the base term and continuing throughout 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

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