Freestanding Drive-Through
1815 E Expressway 83, Penitas, TX 78576
For Sale
Contact for pricing
Absolute NNN Sonic drive-through property is recently constructed and operating under a new 20-year lease.
Property Size1,227 SF
Price / SF$1,884
Days on Market237
Property Features for 1815 E Expressway 83
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Buildings
Tenancy
Listing Agency:
SRS Industrial - Newport Beach
(949) 698-1100
Listed By:
Matthew Mousavi · License #CA 01732226
(949) 698-1116
Source:
Moodyscre
Added: Mar 18
Changed: Nov 8
Last Checked: Nov 8 at 8:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach
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Investment Insights
Based on property information with market context.
SRS National Net Lease offers the fee simple interest in an absolute NNN leased, freestanding Sonic investment property. The restaurant was recently constructed and is now open for business. The lease is absolute NNN with zero landlord responsibilities.
The tenant, Crush TX, LLC, recently signed a brand new 20-year lease with two 5-year options to extend. Rental increases are structured at 7.5% every five years throughout the lease and at the beginning of each option period. The asset is located at 1815 E Expressway 83 in Penitas, Texas.
This offering provides a drive-through restaurant investment backed by a long-term lease and scheduled rent growth over the lease term and option periods.
The tenant, Crush TX, LLC, recently signed a brand new 20-year lease with two 5-year options to extend. Rental increases are structured at 7.5% every five years throughout the lease and at the beginning of each option period. The asset is located at 1815 E Expressway 83 in Penitas, Texas.
This offering provides a drive-through restaurant investment backed by a long-term lease and scheduled rent growth over the lease term and option periods.
Key Highlights
- Absolute NNN leased freestanding Sonic drive‑through property with fee simple ownership (land and building).
- Tenant Crush TX, LLC signed a new 20‑year lease with 2 (5‑year) options to extend.
- Lease includes 7.5% rental increases every 5 years and at the start of each option period.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
275k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 33%
Shops & Services 26%
Electronics 2%
Walmart
Superstores
90,183 visits/mo
0.1 miles
Murphy USA
Shops & Services
30,577 visits/mo
0.2 miles
Chick-fil-A
Dining
24,192 visits/mo
0.2 miles
Dollar Tree
Shops & Services
22,230 visits/mo
0.1 miles
Starbucks
Dining
15,865 visits/mo
0.3 miles
Demographics for 78576, TX
13,901
Population
3,362
Households
4.1
Avg Household Size
25
Median Age
6%
College-Educated
53%
High-School Grad
58.2 sq mi
ZIP Area
239
Density / Sq Mi
$48,205
Median Household Income
$21,962
Median Earnings
$629
Median Rent
$116,600
Median Home Value
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Market
Properties on Market for NNN properties in Hidalgo County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN Sonic drive-through property is recently constructed and operating under a new 20-year lease.
Where is this nnn property located?
The property is located at 1815 E Expressway 83 Penitas, TX.
What is the asking price?
The asking price for this property is $2,312,000.
What are key features of this property?
This property features: Absolute NNN leased freestanding Sonic drive‑through property with fee simple ownership (land and building).; Tenant Crush TX, LLC signed a new 20‑year lease with 2 (5‑year) options to extend.; Lease includes 7.5% rental increases every 5 years and at the start of each option period.
