Sonic Restaurant on Round Rock Ave.

Retail-Commercial for Sale
Catylist Listing ID: 30136166
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Status: Proposed
Building Size (RSF): 1,144 SF
Gross Land Area: 0.92 Acres
Sale Price: $1,400,000
Unit Price: $1,223 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Sonic Drive-In Restaurant
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 3/22/2018

Overview / Comments

This is a great long term tenant with built in future rate increases. Located across the street from Round Rock High School and surrounded by retail properties, the NNN lease has been in place since the building was built. The current NOI is $84,000.

Additional Details

Nearest MSA: Austin-Round Rock
County: Williamson
Taxing Authority: Williamson County
Tax ID/APN: R347940
Retail Clientele: General, Family, Traveler, Tourist
Property Located Between: Interstate 35 and O'Connor Dr.
Property Visibility: Excellent
Largest Nearby Street: Interstate 35
Feet of Frontage: 125
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,144 SF
Property Condition: Excellent
Year Built: 1995
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 125
Lot Depth: 315
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: S6098 - WILL GALLER SUB, LOT 2/PT, ACRES 0.9217, R486099/EX-PC

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,364 96,786 217,808
Median Age: 34.99 32.95 33.17
Households: 2,976 34,419 80,231
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