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33494939
33494940

109 Texas 274, Kemp, TX 75143

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$1,769,231
3 days on market
Updated 3 days ago

Sonic Drive-In | Brand-New 20-Year Absolute NNN Lease

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 1,704
Net Rentable (SqFt) 1,704
Cap Rate 6.5%
NOI $115,000
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King (+19)
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Acreage 0.790
Investment Type Net Lease
Ground Lease No

Dallas-Fort Worth MSA

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a Sonic Drive-In located at 109 TX-274 in Kemp, Texas, approximately 45 miles southeast of downtown Dallas. The property will be leased on a brand-new 20-year absolute NNN lease commencing at the close of escrow. The lease features 10%/5-year rent increases, four (4) five-year renewal options, and zero landlord responsibilities, offering investors a completely passive income stream backed by a seasoned multi-unit operator.

The ±1,704-square-foot freestanding building sits on ±0.79 acres along TX-274, the primary north–south retail corridor in Kemp, with excellent visibility and access to US-175. The surrounding area features a healthy mix of residential and retail growth, supported by national co-tenancy including Dollar General, O’Reilly Auto Parts, Brookshire’s, and Subway. The property is less than one mile from Kemp High School and sits within the rapidly expanding Kaufman County, one of the fastest-growing counties in Texas.

Sonic, a subsidiary of Inspire Brands, operates over 3,500 locations nationwide and continues to expand through high-volume drive-in formats. Inspire Brands also owns Arby’s, Dunkin’, Jimmy John’s, and Buffalo Wild Wings, generating over $33 billion in annual systemwide sales.

Investment highlights

  • New 20-Year Absolute NNN Lease
  • Guaranteed by Proven Multi-Unit Sonic Operator
  • Strategic Location Along TX-274 With Excellent Visibility
  • High-Growth DFW Submarket in Kaufman County
  • Modern Sonic Prototype Built for High-Throughput Service

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,000.00
$9,583.33/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Tim Speck
License
9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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