Lake Dallas, TX

Sonic Drive-In

Offered for sale is the opportunity to acquire a ground lease Sonic Drive-In in Lake Dallas, Texas. The property consists of a 1,440-square-foot, freestanding building that sits on 0.48 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	1,440 sqft
Lot Size	0.48 acres
Year Built	2010

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
Ease of Access to Nearby Interstate 35, Where Traffic Counts Exceed 118,765 Vehicles per Day
Affluent Trade Area - Average Household Income is $138,588 Within a Five-Mile Radius
Dallas/Fort Worth MSA Location
Denton County was the Seventh Texas County to Surpass One Million Residents and Ranks Third Statewide in Population Growth for 2023
More Than 114,776 Residents Within a Five-Mile Radius

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)