Listed by SRS Real Estate Partners Newport Beach
$2,944,000
Sonic Drive-In | Edinburg TX
Details
APN F0342-00-000-0004-00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,578
Cap Rate 6.15%
NOI $181,044
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 05/31/2045
Remaining Term 19
Rent Bumps Yes
Lease Options 2 (5-year)
Year Built 2025
Acreage 1.030
Zoning General Commercial
Parking Spaces 47 spaces
Parking Per SqFt 29.78
Tenant Credit No Credit Rating
Lease Commencement 05/05/2025
Ownership Fee simple interest (land & building ownership)
Retail | 6.15% CAP | 1,578 SqFt
Investment highlights
20-Year Lease | Options To Extend | Scheduled Rental Increases
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
UTRGV Stadium (9,700+ Seats) | Shoppes at Rio Grande Valley |Edinburg High School | New, Mixed-Use Development
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$181,044.00
$15,087.00/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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