Freestanding Sonic Investment
1815 E Expressway 83, Penitas, TX 78576
For Sale
Contact for pricing
New 20-year NNN lease with rental increases in Penitas, Texas.
Property Size1,227 SF
Price / SF$1,811
Days on Market523
Property Features for 1815 E Expressway 83
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Matthew Mousavi · License CA #01732226
(714) 404-8849
Source:
Crexi
Added: Jun 10, 2025
Changed: Nov 12
Last Checked: Nov 12 at 7:01AM
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
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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
Who owns this building?
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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
$116,600
Median Home Value
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Market
Average Price Trend$/SF for Drive through restaurants in Hidalgo County, TX
Properties on Market for Drive through restaurants in Hidalgo County
Vacancy Rate% for Retail in South region
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 $2,223,000.
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.
