1201 S Bowen Rd - Fast Food FOR SALE


Arlington, TX 76013
$2,083,333 USD
310-486-9900
1201 S Bowen Rd, Arlington, TX for Sale
$2,083,333 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

1201 S Bowen Rd
Arlington, TX 76013


HIGHLIGHTS

  • ±17 Years Remaining on Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Four (4), Five (5)-Year Tenant Renewal Option Periods
  • Tenant is Required to Remodel the Site Before January 2025
  • Attractive Rental Increases | 1.50% Annual Rental Increases Starting 11/2026
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

OVERVIEW

LOCATION: Located in the Vibrant City of Arlington, known for its Rich Sports Culture and Diverse Entertainment Options | Projected to Experience Robust Population Growth Nearby Retailers Include: Tom Thumb, Bank of America, ALDI, Petco, Planet Fitness, CVS Pharmacy, Dutch Bros Coffee, and Many More National Tenants Surrounded by Several Schools Including the Renowned University of Texas at Arlington (2022 Total Enrollment: 40,990) LEASE: ±17 Years Remaining on Triple Net (NNN) Lease with Zero Landlord Responsibilities Tenant is Required to Remodel the Site Before January 2025 Attractive Rental Increases | 1.50% Annual Rental Increases Starting 11/2026 Four (4), Five (5)-Year Tenant Renewal Option Periods Ideal for Out-of-State Investors - Tenant is Responsible for All Maintenance, Taxes, Insurance, Roof, and Structure TENANT: Merritt Restaurant Group is the Second Largest Sonic Operator in the System Operating About 185 Locations Across Multiple States Including New Mexico, Nevada, Texas, Colorado, and Arizona The Late Founder of Merritt Restaurant Group Was Recognized as One of the Best Sonic Operators Since Entering the System in 1975 Sonic, Founded in 1953, Currently Has Nearly 3,600 Locations Across America Inspire Brands, the Parent Company of Sonic, Also Owns Dunkin’, Arby’s, Buffalo Wild Wings, Jimmy John’s, Baskin-Robbins, and Additional Brands Across the World

FOR SALE DETAILS

PRICE

$2,083,333 USD

PRICE/SF

$1,419 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic | NNN | 17+ yrs Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

07762933

ASK ABOUT THIS PROPERTY

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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