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Sonic | 20yr Abs NNN w/ Incrs 2563 S Raul Longoria Rd 1,578 SF Retail Building Edinburg, TX 78542 $4,171,003 CAD ($2,643.22 CAD/SF) 6% Cap Rate
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
Building Size
1,578 SF
Year Built
2025
Price
$4,171,003 CAD
Price Per SF
$2,643.22 CAD
Cap Rate
6%
NOI
$250,293 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.03 AC
Zoning
General Commercial
Parking
47 Spaces (29.78 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sonic
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | 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 CAD |
| Land Assessment | $226,976 CAD | Total Assessment | $226,976 CAD |
PROPERTY TAXES
Parcel Number
F0342-00-000-0004-00
Land Assessment
$226,976 CAD
Improvements Assessment
$0 CAD
Total Assessment
$226,976 CAD
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Sonic | 20yr Abs NNN w/ Incrs | 2563 S Raul Longoria Rd
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