Property Description
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’s 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
