1006 E First St - Fast Food FOR SALE


Hughes Springs, TX 75656
$585,000 USD
972-755-5205
1006 E First St, Hughes Springs, TX for Sale
$585,000 USD
Fast Food - FOR SALE
1/4
null | 8% Cap Rate

1006 E First St
Hughes Springs, TX 75656


HIGHLIGHTS

  • Absolute Net Lease with 4.4 Years Remaining
  • Fifth-Largest Sonic Franchisee with 122 Locations
  • Low Price-Point
  • Strategic Location in a Qualified Opportunity Zone
  • Largest Chain of Drive-In Restaurants in the U.S. with 3,500+ Locations

OVERVIEW

Offered for sale is an absolute net lease Sonic in Hughes Springs, TX. The property consists of a 1,801-square-foot, freestanding building that sits on approximately 0.76 acres of land. There are 4.4 years remaining on the lease with 2% annual rental increases in the second option period.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic Drive-In

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

-

APN/PARCEL ID

11913

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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