2991 S State Highway 360 - Fast Food FOR SALE


Grand Prairie, TX 75052
$1,300,000 USD
972-755-5279
2991 S State Highway 360, Grand Prairie, TX for Sale
$1,300,000 USD
Fast Food - FOR SALE
1/3
null | 5.58% Cap Rate

2991 S State Highway 360
Grand Prairie, TX 75052


HIGHLIGHTS

  • 12 Years Remaining on Absolute NNN Lease | Zero Landlord Responsibilities
  • 13 Miles to DFW International Airport | Adjacent to Multiple Interstate Access Points with access from a Combined 190,00
  • Strong Demographics with over 145,000 Residents in a Three-Mile Radius and over 350,000 Residents in a Five-Mile Radius
  • Attractive Price Point Below Replacement Cost and Below-Market Rent
  • In Close Proximity to the Grand Prairie Premium Outlets with Over 90 Retailers and Several Other Shopping Centers like Trader Village | Directly Next

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$834 USD /SF

CAP RATE

5.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,759 SF

ZONING

-

APN/PARCEL ID

07707932

ASK ABOUT THIS PROPERTY

John PainePaine Restaurant Group at Marcus & MillichapMore Info
972-755-5279

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John PainePaine Restaurant Group at Marcus & MillichapMore Info
972-755-5279

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