Freestanding Sonic Investment
For Sale
Contact for pricing
1815 E Expressway 83, Penitas, TX 78576
New 20-year NNN lease with rental increases in Penitas, Texas.
Property Size1,227 SF
Price / SF$1,884
Days on Market429
Property Features for 1815 E Expressway 83
General Information
Standard status
Active
Size
1,227 SF
Total Parking Spaces
49
Property subtype
Retail
Zoning
C-1: Commercial
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$144,475
Building Details
Year Built
2024
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Jun 10, 2025
Changed: Aug 8
Last Checked: Aug 10 at 10:47AM
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 Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This freestanding Sonic investment property is located in Penitas, Texas. The property is under an absolute NNN lease. The tenant, Crush TX, LLC, recently signed a new 20-year lease with two 5-year options to extend. The lease includes 7.5% rental increases every 5 years throughout the lease term and at the beginning of each option period. The property was recently constructed and is open for business. The operator, Crush TX, LLC, has developed over 14 Sonic Drive-Ins in South Texas and is implementing a $28 million Sonic Drive-In re-introduction to the Rio Grande Valley. The property is near U.S. Highway 83, which has an average daily traffic count of 55,900 vehicles. The Sonic is an outparcel to a Walmart Supercenter anchored center. The property is positioned southeast of the Villas at Penitas Apartments, a 128-unit multi-family complex. Sonic is situated in a developing fast food area with tenants including Wingstop, Panda Express, Chick-fil-A, and Starbucks. The property is in a primary retail corridor with nearby national tenants including H-E-B, Dollar General, Dollar Tree, Walgreens, and AutoZone. The 5-mile trade area has a population of over 45,000 with an average household income of $57,905. The building size is 1,227 square feet.
Key Highlights
- Brand new 20‑year absolute NNN lease offers a management‑free, passive investment.
- Enjoy steadily growing NOI and inflation hedging with 7.5% rental increases every 5 years.
- Located in a high‑traffic area near U.S. Highway 83 (55,900 VPD) and a Walmart Supercenter.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - New 20-year NNN lease with rental increases in Penitas, Texas.
Where is this drive through restaurant 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: Brand new 20‑year absolute NNN lease offers a management‑free, passive investment.; Enjoy steadily growing NOI and inflation hedging with 7.5% rental increases every 5 years.; Located in a high‑traffic area near U.S. Highway 83 (55,900 VPD) and a Walmart Supercenter.
