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Sonic | 20yr Absolute NNN Lease | Dallas MSA 101 Main St 1,440 SF Retail Building Lake Dallas, TX 75065 $1,748,000 ($1,213.89/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New 20-Year Absolute NNN Lease
- Located in High-Growth Dallas–Fort Worth Submarket
- Prime Corner Location With Excellent Visibility
- Truly Passive, Inflation-Protected Income Stream
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed Sonic Drive-In located at 101 Main Street in Lake Dallas, Texas, part of the fast-growing Dallas–Fort Worth MSA. The property is subject to a brand-new 20-year absolute NNN lease commencing at the close of escrow, featuring 10%/5-year rent increases and four (4) five-year renewal options. There are zero landlord responsibilities, offering truly passive ownership.
The ±1,440-square-foot drive-in restaurant is situated on ±0.48 acres less than half a mile from Interstate 35E (±142,000 VPD). The site benefits from excellent visibility, strong daily commuter traffic, and proximity to dense residential developments and local schools.
Sonic, a subsidiary of Inspire Brands, operates over 3,500 locations nationwide and is one of the most recognizable names in quick-service dining. Inspire Brands also owns Dunkin’, Arby’s, Jimmy John’s, and Buffalo Wild Wings, with a combined $33 billion in global system sales.
The ±1,440-square-foot drive-in restaurant is situated on ±0.48 acres less than half a mile from Interstate 35E (±142,000 VPD). The site benefits from excellent visibility, strong daily commuter traffic, and proximity to dense residential developments and local schools.
Sonic, a subsidiary of Inspire Brands, operates over 3,500 locations nationwide and is one of the most recognizable names in quick-service dining. Inspire Brands also owns Dunkin’, Arby’s, Jimmy John’s, and Buffalo Wild Wings, with a combined $33 billion in global system sales.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,440 SF
Building Class
C
Year Built
2010
Price
$1,748,000
Price Per SF
$1,213.89
Cap Rate
6.25%
NOI
$109,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.48 AC
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R62645 | Improvements Assessment | $300,587 |
| Land Assessment | $250,383 | Total Assessment | $550,970 |
PROPERTY TAXES
Parcel Number
R62645
Land Assessment
$250,383
Improvements Assessment
$300,587
Total Assessment
$550,970
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Sonic | 20yr Absolute NNN Lease | Dallas MSA | 101 Main St
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