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2991 S State Highway 360 1,558 SF 4-Star Retail Building Grand Prairie, TX 75052 $1,300,000 ($834.40/SF) 5.58% Cap Rate
Investment Highlights
- 12 Years Remaining on Absolute NNN Lease | Zero Landlord Responsibilities
- Strong Demographics with over 145,000 Residents in a Three-Mile Radius and over 350,000 Residents in a Five-Mile Radius
- In Close Proximity to the Grand Prairie Premium Outlets with Over 90 Retailers and Several Other Shopping Centers like Trader Village | Directly Next
- 13 Miles to DFW International Airport | Adjacent to Multiple Interstate Access Points with access from a Combined 190,00
- Attractive Price Point Below Replacement Cost and Below-Market Rent
Executive Summary
Paine Restaurant Group at Marcus & Millichap is pleased to present the Sonic Drive-In located at 2991 TX-360 in Grand Prairie, Texas. This property operates under an absolute triple-net lease, which means zero landlord responsibilities, providing investors with a stable, management-free income stream backed the Sonic Corporation—a nationally recognized quick-service restaurant brand with over 3,300 locations across the country.
Situated along Texas State Highway 360, this Sonic Drive-In benefits from exposure to traffic counts exceeding 310,000 vehicles per day. It is conveniently located near Interstate 20 and Interstate 30, which connect Grand Prairie to the major employment and commercial centers of Dallas, Arlington, and Fort Worth. This corridor is one of the region's most active thoroughfares for retail, dining, and entertainment. Nearby attractions such as Grand Prairie Premium Outlets, featuring over 90 national retailers, and Traders Village, one of Texas’s largest open-air markets, generate consistent consumer traffic throughout the area. The property also benefits from strong surrounding demographics, with a population exceeding 140,000 residents within three miles and 340,000 residents within five miles. While this Sonic currently ranks in the bottom four percent of stores nationwide and the bottom nine percent within Texas, its strong real estate fundamentals, highway frontage, and favorable demographics position the site for potential repositioning or long-term appreciation.
Situated along Texas State Highway 360, this Sonic Drive-In benefits from exposure to traffic counts exceeding 310,000 vehicles per day. It is conveniently located near Interstate 20 and Interstate 30, which connect Grand Prairie to the major employment and commercial centers of Dallas, Arlington, and Fort Worth. This corridor is one of the region's most active thoroughfares for retail, dining, and entertainment. Nearby attractions such as Grand Prairie Premium Outlets, featuring over 90 national retailers, and Traders Village, one of Texas’s largest open-air markets, generate consistent consumer traffic throughout the area. The property also benefits from strong surrounding demographics, with a population exceeding 140,000 residents within three miles and 340,000 residents within five miles. While this Sonic currently ranks in the bottom four percent of stores nationwide and the bottom nine percent within Texas, its strong real estate fundamentals, highway frontage, and favorable demographics position the site for potential repositioning or long-term appreciation.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,558 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2000
Price
$1,300,000
Price Per SF
$834.40
Cap Rate
5.58%
NOI
$72,504
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.78 AC
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
161’ on S Sh 360
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 07707932 | Improvements Assessment | $350,000 |
| Land Assessment | $270,000 | Total Assessment | $620,000 |
Property Taxes
Parcel Number
07707932
Land Assessment
$270,000
Improvements Assessment
$350,000
Total Assessment
$620,000
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2991 S State Highway 360
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