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Sonic | 20yr Abs NNN w/ Incrs 2563 S Raul Longoria Rd 1,578 sq ft Retail Property Edinburg, TX 78542 £2,233,636 (£1,415.49/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 20-Year Lease | Options To Extend | Scheduled Rental Increases
- UTRGV Stadium (9,700+ Seats) | Shoppes at Rio Grande Valley |Edinburg High School | New, Mixed-Use Development
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Lease personally guaranteed by a highly successful multi state, multi unit Sonic franchisee with decades of experience within the brand as well as the South Texas entity with multiple units (Information on Franchisee Here)
• New, 20-Year lease with 2 (5-year) option periods to extend
• The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period
• New, 20-Year lease with 2 (5-year) option periods to extend
• The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Property Size
1,578 sq ft
Year Built
2025
Price
£2,233,636
Price per sq ft
£1,415.49
Yield
6%
NOI
£134,036
Tenancy
Single
Number of Floors
1
Plot ratio
0.04
Total Plot Size
1.03 ac
Use Class
General Commercial
Parking
47 Spaces (29.78 Spaces per 1,000 sq ft Leased)
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Sonic
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Sonic | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | F0342-00-000-0004-00 | Improvements Assessment | £0 |
| Land Assessment | £119,094 | Total Assessment | £119,094 |
PROPERTY TAXES
Parcel Number
F0342-00-000-0004-00
Land Assessment
£119,094
Improvements Assessment
£0
Total Assessment
£119,094
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Sonic | 20yr Abs NNN w/ Incrs | 2563 S Raul Longoria Rd
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