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6115 Old Highway 135 N
Kilgore, TX 75662

Sonic (15 Year Sale-Leaseback) · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,891 SF
Building Class
C
Year Built
2006
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.02 AC

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

PROPERTY TAXES

Parcel Number
11735
Land Assessment
£35,773
Improvements Assessment
£343,179
Total Assessment
£378,953
  • Listing ID: 12235141

  • Date on Market: 12/04/2018

  • Last Updated:

  • Address: 6115 Old Highway 135 N, Kilgore, TX 75662

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