Restaurant
Sonic
5201 Lakeview Pkwy, Rowlett, TX 75088
Listing Price: $1,768,421
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.
Listing Price: $1,768,421
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.
