Sonic
Marshall, TX
Key Details
| Price: | $1,562,500 |
|---|---|
| Cap Rate: | 6.40% |
| Annual Rent: | $100,000 |
| Address: | 900 East End Boulevard South, Marshall, Texas 75670 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Expiration: | 15 Years from Close of Escrow |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 1.50% Annually Starting Year 4 |
| Lot Size: | 1.35 Acres |
| Building Size: | 1,422 SF |
| Year Built: | 2001 |
NNN Pro is pleased to present the exclusive listing for a Sonic located at 900 East End Boulevard South, Marshall, Texas 75670. The site consists of roughly 1422 rentable square feet of building space on an estimated 1.35-acre parcel of land. This Sonic is subject to a 15-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $100,000 and has scheduled increases of 1.50% Annually Starting Year 4.
About the Investment
- 15 Year Lease Executed at COE Featuring 1.50% Annual Increases Starting Year 4
- Tenant is a 67-Unit Subsidiary of Guernsey Sonic (100+ Unit Sonic Operator)
- Profitable Location For the Tenant
About the Location
- Positioned at a Signalized Intersection On East End Blvd S (Over 26K VPD)
- Surrounded by Various Retailers Including Kroger, CVS, NAPA, Hobby Lobby, Tractor Supply Co, and Walgreens
- Over 5100 Students in the Immediate Area
Key Details
| Price: | $1,562,500 |
|---|---|
| Cap Rate: | 6.40% |
| Annual Rent: | $100,000 |
| Address: | 900 East End Boulevard South, Marshall, Texas 75670 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Expiration: | 15 Years from Close of Escrow |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 1.50% Annually Starting Year 4 |
| Lot Size: | 1.35 Acres |
| Building Size: | 1,422 SF |
| Year Built: | 2001 |
Talk to the Pros
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.