101 Main St - Fast Food FOR SALE


Lake Dallas, TX 75065
$1,748,000 USD
408-510-9057
101 Main St, Lake Dallas, TX for Sale
$1,748,000 USD
Fast Food - FOR SALE
1/3
null | 6.25% Cap Rate

101 Main St
Lake Dallas, TX 75065


HIGHLIGHTS

  • Brand-New 20-Year Absolute NNN Lease
  • Prime Corner Location With Excellent Visibility
  • Located in High-Growth Dallas–Fort Worth Submarket
  • Truly Passive, Inflation-Protected Income Stream

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed Sonic Drive-In located at 101 Main Street in Lake Dallas, Texas, part of the fast-growing Dallas–Fort Worth MSA. The property is subject to a brand-new 20-year absolute NNN lease commencing at the close of escrow, featuring 10%/5-year rent increases and four (4) five-year renewal options. There are zero landlord responsibilities, offering truly passive ownership. The ±1,440-square-foot drive-in restaurant is situated on ±0.48 acres less than half a mile from Interstate 35E (±142,000 VPD). The site benefits from excellent visibility, strong daily commuter traffic, and proximity to dense residential developments and local schools. Sonic, a subsidiary of Inspire Brands, operates over 3,500 locations nationwide and is one of the most recognizable names in quick-service dining. Inspire Brands also owns Dunkin’, Arby’s, Jimmy John’s, and Buffalo Wild Wings, with a combined $33 billion in global system sales.

FOR SALE DETAILS

PRICE

$1,748,000 USD

PRICE/SF

$1,214 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic | 20yr Absolute NNN Lease | Dallas MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

-

APN/PARCEL ID

R62645

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.