Sonic Drivein Ground Lease — Sale in Cypress, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cypress, TX 77433

Investment Figures

Cap rate
5.92%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The subject property is a single tenant Sonic Drive-In ground lease opportunity in the desirable Cypress, Texas market. Investment Highlights: • Experienced Tenant and Lease Guarantor - Established multi-brand franchisee with over 33 years of experience, with a personal guarantee • Absolute Triple Net (NNN) Ground Lease - No Landlord expense or maintenance responsibilities • Fixed Rental Increases - 10% Rental Increases every 5 years • Attractive Pricing with Replaceable Rent - Lower priced ground lease with a major national brand at a below market rent • Desirable Retail Location - Situated within Miramesa Town Center, a Walmart Supercenter with Gas anchored center with surrounding retail including McDonald's, Taco Bell, Whataburger, Panda Express, AutoZone, Express Oil & Tire Engineers, Murphy USA, Star CinemaGrill, Christian Brothers Automotive, Quick Quack Car Wash and numerous other retailers and businesses in the area • Strong Demographics - Average Household Income of $144,322 and over 96,835 residents in a 3-mile radius

Market Context

This retail in Cypress, TX is listed for sale. It is offered at an approximate 5.9% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Cypress, TX — view the full market.

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