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Sonic Drive-In

411 S Broadway St | Elsa | TX | 78543


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Confidentiality Agreement

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Property Highlights

  • Secure Income Stream
    • New 20-Yr. Absolute NNN Lease with 7.5% Increases Every 5 Yrs.
    • Brand New Construction, Latest Prototype with Upgraded Features at Drive-In Stalls
    • Crush Enterprises is an Established and Growing Franchisee with 19 Sonic Locations in South Texas, Washington, Montana and Idaho
    • Personally Guaranteed by Al Trevino, CEO of Crush Enterprises, a 40-Year Industry Veteran and Former Executive with Sonic Corporation
    • Operator has Exclusive Development Rights to Rio Grande Valley to Open 14 Sonic Restaurants by 2028
    • Sonic is the Largest Chain of Drive-In Restaurants in the U.S. with 3,500+ Locations, Serving Approximately 3M Customers/Day
    • Sonic Drive-In U.S. Systemwide Sales of $5.85B in 2021
        Proximity
    • 96,562 Residents in Primary Trade Area
    • Outparcel to Walmart Supercenter, Large 1.39 Acre Lot
    • Excellent Access and Visibility to 6,200 VPD Along Main Corridor
    • High-Growth Market, Population Increased 77% Since 2000, Forecast to Grow 5% by 2027
    • Hidalgo County is the 8th Largest County in Texas with 800,000 Residents
    • Over 900 Residential Lots and 1,000 Apartments to be Delivered to Hidalgo County Over Next 2 Years
    • South Texas Accounts for $84.8b of State‚Äôs GDP (2020), Sales Tax Revenue Up 19.3% YTC (as of May 2022)
    • co20 Miles East of McAllen, 138 Miles South of Corpus Christi, 18 Miles North of US/Mex

Property Details

  • Available SF: 7,225 SF
  • Price: $ 2,999,000
  • Transaction Type: For Sale
  • Property Type: Retail
  • Lot Size: 1.39 AC
  • Cap Rate: 5.25%
  • Year Built: 2022
  • Parking: 49
  • Tenancy: Single Tenant
  • Lease Term 20 years
  • Lease Type NNN
  • Availability: Available
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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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