The offering presents an opportunity to acquire a purpose-built Sonic Drive-In operating in the Kilgore / Liberty City market of East Texas. The property benefits from an established drive-in configuration, visible highway-oriented positioning, and a site layout designed specifically for Sonic’s carhop, drive-in, and quick-service operating model. The attached lease materials identify the property as a Sonic Drive-In restaurant use and reflect a long-term lease structure with contractual rent growth, supporting predictable income for investors.
The lease provides a 15-year primary term running through January 2033, with two additional five-year renewal options and 7% rent increases every five years. The tenant is responsible for broad property-level obligations, including operating costs, taxes, insurance, utilities, repairs, and maintenance, while the landlord has no maintenance obligation during the lease term. This structure creates a low-management net-lease investment backed by an operating Sonic franchisee and a personal guaranty from Randy Morse.
The asset benefits from Kilgore’s role as an East Texas employment and education hub. Major local anchors include Kilgore College, Kilgore ISD, Region 7 Education Service Center, East Texas Council of Governments, and multiple manufacturing and service-sector employers. Combined with Sonic’s national brand recognition, $5.24 billion in 2025 U.S. systemwide sales, and approximately 3,412 total units, the investment offers a balance of national brand tenancy, established site functionality, and durable local demand.