1901 W Frank Ave - Fast Food FOR SALE


Lufkin, TX 75904
$2,589,022 USD
503-307-0382
1901 W Frank Ave, Lufkin, TX for Sale
$2,589,022 USD
Fast Food - FOR SALE
1/3
null | 6.75% Cap Rate

1901 W Frank Ave
Lufkin, TX 75904


HIGHLIGHTS

  • ABSOLUTE NNN LEASE WITH 10% RENTAL INCREASES EVERY 5 YEARS
  • STRONG TENANT GUARANTY
  • 13,000 STUDENTS WITHIN A 5-MILE RADIUS
  • STRONG RETAIL & HEALTHCARE TENANT SYNERGY
  • TOURISM - 6.3 MILLION VISITORS IN 2023
  • ECONOMIC & EMPLOYMENT HUB | REGIONAL TRAFFIC HUB

OVERVIEW

The Northmarq National Restaurant Group is pleased to offer this single-tenant Sonic located at 1901 W. Frank Avenue in Lufkin, Texas. The property is secured by an absolute NNN lease with 14.52 years remaining, four five-year renewal options, and 10 percent rent increases every five years. The tenant, Soar Restaurants II, LLC, is a Top 3 Sonic franchisee operating six different concepts, providing one of the brand’s strongest guaranties nationwide. Strategically positioned along West Frank Avenue & US-287 with nearly 40,000 vehicles per day, the property offers immediate access to U.S. Highway 59 (future I-69 corridor) and is surrounded by top national retailers and St. Luke’s Memorial Hospital. The trade area benefits from 13,000 students within five miles, major healthcare providers, large industrial employers, and a strong tourism base with 6.3 million visitors in 2023. These drivers reinforce consistent consumer demand and long-term growth prospects. With its long-term absolute NNN lease, strong franchisee guaranty, and prime Texas location, this Sonic provides investors with durable income, inflation protection, and compelling long-term value.

FOR SALE DETAILS

PRICE

$2,589,022 USD

PRICE/SF

$1,683 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

-

APN/PARCEL ID

R92279

ASK ABOUT THIS PROPERTY

Matt LipsonNorthmarqMore Info
503-307-0382

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Matt LipsonNorthmarqMore Info
503-307-0382

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