Views: 0 DOM: 58 Updated: 11.28.23 Posted: 10.13.23 Status: Active


Price $1,886,457
Built/Renov 2008
Tenant Sonic (GL)
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 2,450
Lease Start 03-21-2008
#Units 3,551
Price/SF $769.98
Expiration 03-20-2028
Tenant Type Fast Casual/Rest.
NOI $119,790
R. Term 4.3
Ownership Ground Lease
Rent/SF $48.89
Increases 10.0%/5/yrs
Pop 5Mi 241,509
Lot/AC 1.19
Options 2/5yrs/10%
AHHI 5Mi $108,938

Lease Highlights

  • Sonic has been operating in this location sine 2008
  • Tenant has over 4 years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN ground lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Sonic is strategically located along West John Carpenter Freeway with access to over 131,460 vehicles per day. The subject is strategically placed near a large concentration of office properties that feed the area’s daytime population. Some of which include US Bank, CVS Caremark Corporate, Gainwell Technologies, and Boy Scouts of America. Additionally, the property is less than 5 minutes north...



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  • Tenant: Sonic
  • Guarantor:Corp Rated
  • Company:Inspire Brands
  • # Units:3,551
  • Tenant S&P: B+
  • Moody’s: B2
  • Stock:Private

About Tenant

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,096 114,740 245,417
2023 Total Population : 11,149 112,001 241,509
2023 Employed Civilian Pop : 6,315 70,207 143,235
2023 Total Businesses : 1,082 5,721 15,458
2023 Average Household Income : $ 116,884 $ 122,210 $ 108,938
2023 Total Consumer Spending : $ 462 M $ 5101 M $ 8965 M
2023 Median Age : 31 34 34
2023 Total Households : 4,580 48,186 94,531
2023 Pop Age 25+: Bachelor's Degree : 3,298 29,415 49,546
2023 Average Home Value : $ 540,598 $ 430,757 $ 365,223
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
W Johnson W Carpenter Fwy N Macarthur Blvd 2004 2,914 0.08 mi
W John Carpenter Fwy N Macarthur Blvd 2004 2,722 0.13 mi
W Johnson W Carpenter Fwy W Walnut Hill Ln 2009 120,810 0.15 mi
N Macarthur Blvd W Walnut Hill Ln 2011 52,000 0.20 mi
W Walnut Hill Ln White Hall St 2011 12,700 0.23 mi
N Macarthur Blvd Oxbow Dr 2010 33,500 0.32 mi
N Macarthur Blvd W John Carpenter Fwy 2011 49,000 0.33 mi
W Walnut Hill Ln Executive Dr 2005 14,775 0.34 mi
Love Dr W Walnut Hill Ln 2009 9,940 0.36 mi
SH 114 TEXpress Hwy 161 Svc Rd 2021 96,232 0.36 mi

Listing Broker

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