Sonic for Sale in Lake Dallas, TX
Lake Dallas, TX
Key Investment Metrics
Price
$1,680,769
Cap Rate
6.5%
Net Operating Income
$109,250
Building Size
1440 SF
Land Area
0.48 Acres
Remaining Term
20 years
Lease Term
20 years
Lease Type
Absolute NNN
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
10%/5-Years
Property overview
Sonic in Lake Dallas
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 1,440 SF
- Land area
- 0.48 acres
- Lease type
- Absolute NNN
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.