Sonic Drive-In | 1006 E First St
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Sonic Drive-In 1006 E First St
1,801 SF Retail Building Hughes Springs, TX 75656 £458,230 (£254/SF) 8% Net Initial Yield
Investment Highlights
- Absolute Net Lease with 4.4 Years Remaining
- Low Price-Point
- Largest Chain of Drive-In Restaurants in the U.S. with 3,500+ Locations
- Fifth-Largest Sonic Franchisee with 122 Locations
- Strategic Location in a Qualified Opportunity Zone
Executive Summary
Offered for sale is an absolute net lease Sonic in Hughes Springs, TX. The property consists of a 1,801-square-foot, freestanding building that sits on approximately 0.76 acres of land. There are 4.4 years remaining on the lease with 2% annual rental increases in the second option period.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,801 SF
Building Class
C
Year Built
2002
Price
£458,230
Price Per SF
£254
Net Initial Yield
8%
NOI
£36,658
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
0.76 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 11913 | Improvements Assessment | £361,610 |
| Land Assessment | £18,932 | Total Assessment | £380,543 |
PROPERTY TAXES
Parcel Number
11913
Land Assessment
£18,932
Improvements Assessment
£361,610
Total Assessment
£380,543
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Sonic Drive-In | 1006 E First St
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