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30905784
30905785

2991 TX-360, Grand Prairie, TX 75052

JP
TX 764689
Paine Restaurant Group at Marcus Millichap
SN
TX 787590
Paine Restaurant Group at Marcus Millichap
Listed by Paine Restaurant Group at Marcus Millichap
$1,450,000
90 days on market
Updated 32 days ago

Sonic 12 Year NNN 13 Miles to DFW International Airport

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,558
Net Rentable (SqFt) 1,558
Units 1
Cap Rate 5%
NOI $72,504
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Taco Bell (+10)
Lease Type Absolute NNN
Lease Expiration 12/31/2037
Remaining Term 11.6
Rent Bumps Yes
Lease Options 10% Every 5 Years
Pro-Forma Cap Rate 5.5%
Pro-Forma NOI $79,754
Price per SqFt $931
Broker Co-Op Yes
Year Built 2000
Buildings 1
Stories 1
Acreage 0.780
Investment Type Net Lease
Ownership Fee Simple

Retail | 12 Year NNN | 13 Miles to DFW Airport | Low Price Point

Marketing description

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.

Investment highlights

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Located 20 Miles from Downtown Dallas between Dallas and Fort Worth | Adjacent to Multiple Interstate Access Points with access from a Combined 190,000 VPD on TX-360
  • In Close Proximity to the Grand Prairie Premium Outlets with Over 90 Retailers and Several Other Shopping Centers like Trader Village | Directly Next Door to Starbucks and Many Other National Tenants
  • Strong Demographics with over 145,000 Residents in a Three-Mile Radius and over 350,000 Residents in a Five-Mile Radius
  • Operated by SOAR Restaurant Group | 190 Unit Sonic Operator Across 20 States and One of the Largest in the United States
  • Attractive Price Point Below Replacement Cost and Below-Market Rent

Listing Contacts

JP
TX 764689
Paine Restaurant Group at Marcus Millichap
SN
TX 787590
Paine Restaurant Group at Marcus Millichap
Listed by Paine Restaurant Group at Marcus Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,504.00
$6,042.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
John Paine
License
764689
Brokerage
Marcus & Millichap
Brokerage Phone
9727555279
Brokerage Address
5001 Spring Valley Road
Name
Sam Noe
License
787590
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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