Kemp, TX

Sonic Drive-In

Offered for sale is the opportunity to acquire a ground lease Sonic Drive-In in Kemp, Texas. The property consists of a 1,704-square-foot, freestanding building that sits on 0.79 acres of land. This is a sale/leaseback with 15 year lease term, with 10 percent rental increases every five years.

Price	$1,700,000
Cap Rate	6.00%
Building Size	1,704 sqft
Lot Size	0.79 acres
Year Built	2008

Offering Memorandum

Andy Cepeda

Associate

(972) 755-5138

Andy.Cepeda@marcusmillichap.com

License: TX 806163

Vincent Knipp

Senior Managing Director Investments

(972) 755-5205

vincent.knipp@marcusmillichap.com

License: TX 0579633

FINANCING TEAM

Duke Dennis

Director

(817) 932-6172

Duke.Dennis@marcusmillichap.com

New 15-Year Ground Lease with 10 Percent Rental Escalations Every Five Years
Conveniently Located Near Several Schools (Kemp Intermediate, Junior, and High Schools) and the Newly Constructed Lakeside Health and Wellness Center, a 124-Bed Facility
Ease of Access to Nearby Highway 175, Where Traffic Counts Exceed 10,853 Vehicles per Day
Includes a Large Playground Area
Located on the Northern Shore of Cedar Creek Lake 46 Miles Southeast of Downtown Dallas

Andy Cepeda

Associate

(972) 755-5138

Andy.Cepeda@marcusmillichap.com

License: TX 806163

Vincent Knipp

Senior Managing Director Investments

(972) 755-5205

vincent.knipp@marcusmillichap.com

License: TX 0579633

Sonic Drive-In

Sonic Drive-In

Andy Cepeda

Vincent Knipp

Duke Dennis

Andy Cepeda

Vincent Knipp

$1,700,000

6.00% Cap

$1,800,000

6.00% Cap

$600,000

10.00% Cap

Sonic Drive-In

Sonic Drive-In

Sonic Drive-In

Andy Cepeda

Vincent Knipp

Duke Dennis

Andy Cepeda

Vincent Knipp

$1,700,000

6.00% Cap

Sonic Drive-In

$1,800,000

6.00% Cap

Argyle Car Wash

$600,000

10.00% Cap

Family Dollar (Dark)