= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Retail For Sale, Beaumont, TX or Texas

Retail Property - Off Market

Near 10% CAP Absolute Net Sonic Drive-Ins (3)

7365 Highway 105, Beaumont, TX 77713

Price:
N/A
Building Size:
4,614 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with 10+ years left on lease
Auction:
Yes
Cap Rate:
9.69%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
78,277 SF

Last Verified 9/25/2009 Listing ID 16301148

Highlights

Three (3) Store Portfolio - Can Be Purchased Seperately Or In Any Combination
Absolute Net, 20-Year Leases - No Landlord Responsibilities
Tenant is Already Paying Percentage Rent (7% of Monthly Gross Sales)

Franchisees Collectively Operate Over 20 Stores
Operators Have Been Sonic Franchisees for Over 20 Years
Sonic Drive-In Currently Operates Over 3,500 Locations

Description

The portfolio consists of three (3) absolute net, 20-year leased Sonic Drive-In restaurants which can be purchased seperately or in any combination. Each store is newly retrofitted and is leased to a very successful franchisee whose members currently operate more than 20 stores. These investment properties require no landlord responsibilities and are already paying percentage rent (7% of gross sales). Eventual rising food costs and menu prices translate into a higher NOI - great for a landlord in what could become an inflationary environment.

All three properties are located in the Beaumont, TX MSA. The Beaumont, TX store is located just west of Highway 287, a major artery running through the city. The Kountze, TX store is located on Highway 69, the main north/south thoroughfare through town which sees a large percentage of the area's Big Thicket National Preserve tourist traffic. The Orange, TX store is located just north of Interstate 10 where Highways 12 and 62 intersect.

Map of 7365 Highway 105, Beaumont, TX 77713 (Jefferson County)

Hide Map

Additional Options: Print Listing; View Map; Demographics; Research Price

Created 6/30/2009

Additional Information for 7365 Highway 105, Beaumont, TX 77713

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 4 Historic Listings
Sales Comparables Available - 3 RecentSales Records

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 7365 Highway 105, Beaumont, TX 77713

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Parkdale Mall
Negotiable
144 - 26,436 SF
PARKDALE MALL
$14.00/SF/Year
3,296 - 36,966 SF
Former Academy in Beaumont
$8.75/SF/Year
50,000 SF

Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

Retail (Other)
Sold 4Q 2006
Service/Gas Station
Sold 1Q 2006
Restaurant
Sold 3Q 2009
Restaurant
Sold 3Q 2009
Free Standing Bldg
Sold 1Q 2007

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Retail Property For Sale - Near 10% CAP Absolute Net Sonic Drive-Ins (3)

7365 Highway 105, Beaumont, TX, 77713