This offering presents a newly constructed Sonic Drive-In located at 620 E 2nd Street in Mercedes, Texas. Delivered in 2022, the property spans 1,500 square feet on a 0.98-acre parcel and benefits from a 20-year absolute NNN lease with over 16 years remaining. The lease is backed by a personal guarantee from the CEO of Crush Enterprises, an experienced Sonic franchise operator managing multiple locations across four states.
Positioned at a signalized corner with direct visibility from Interstate 2, the site sees approximately 59,000 vehicles per day, ensuring strong traffic exposure. The surrounding trade area includes over 55,500 residents within a five-mile radius and benefits from projected population growth. The property is situated just one mile from the Rio Grande Valley Premium Outlets, a regional retail destination attracting over 7 million annual visitors.
The tenant is responsible for all building and site maintenance, including roof and structure, offering investors a true zero-landlord-responsibility opportunity. Rent escalates by 7.5% every five years, providing consistent income growth over the lease term. This newly constructed asset represents a rare opportunity to acquire a long-term, passive investment in the Rio Grande Valley corridor—one of South Texas’s most vibrant retail and tourism-driven markets.