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- LoopNet Team
6115 Old Highway 135 N
Kilgore, TX 75662
Sonic (15 Year Sale-Leaseback) · Retail Property For Sale
PROPERTY FACTS
Amenities
- Restaurant
- Drive Thru
About 6115 Old Highway 135 N , Kilgore, TX 75662
The subject property offers the qualified investor an opportunity to acquire an established restaurant investment property with a new absolute net lease, an affordable price point, and a very attractive return on investment. Offered as sale-leaseback, upon close of escrow the tenant will enter into a new 15 year lease with attractive 7.0% rent increases every 5 years. Operated by a highly experienced franchisee team with over 5 decades of experience and some of the highest grossing Sonics in the system, the property has produced healthy fundamentals for the past decade and is poised to continue to do so moving forward. With a rare personal guarantee in place, this investment couples attractive returns with commitment seldom found in other investments. Centrally located in the Longview-Kilgore-Tyler traffic triangle, the location benefits from proximity to Sabine Schools, inter-city traffic, and Interstate 20 (37,683 VPD) westbound exit traffic.
PROPERTY TAXES
Parcel Number | 11735 | Improvements Assessment | £343,179 |
Land Assessment | £35,773 | Total Assessment | £378,953 |
PROPERTY TAXES
Listing ID: 12235141
Date on Market: 12/04/2018
Last Updated:
Address: 6115 Old Highway 135 N, Kilgore, TX 75662