300 S Highway 377 | Pilot Point, TX 76258
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- LoopNet Team
300 S Highway 377
Pilot Point, TX 76258
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Featuring No Landlord Responsibilities and 1.25% Rental Increases Annually
- Just Over Seven (7) Years of Lease Term Remaining with Low Rent-to-Sales and No Renewal Options
- Average Household Income of Over $102k and Annual Population Growth Rate of 4.43% within a 5-Mile Radius of the Subject Property
- Mason-Harrison-Ratliff, the Brand's Largest Franchisee (300+ Units), Has Over 20 Years of Operating History at This High- Performing Location
- 1.00 Acre Site Fronts US Highway 377 (12,348 VPD), Along the Eastern Shore of Lake Ray Roberts
- Outparcel to an ACE Hardware Anchored Shopping Center, at the Intersection of US 377 and FM 455
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,530 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.21 AC
Frontage
58’ on S Highway 377
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | R41515 | Improvements Assessment | $288,886 |
| Land Assessment | $314,940 | Total Assessment | $603,826 |
PROPERTY TAXES
Parcel Number
R41515
Land Assessment
$314,940
Improvements Assessment
$288,886
Total Assessment
$603,826
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