Sonic Drive-Through
For Sale
Contact for pricing
201 E Ovilla Road, Red Oak, TX 75154
Operating under a proposed absolute NNN sale-leaseback with a long initial term and renewal options.
Property Size1,657 SF
Lot Size0.65 Acres
Days on Market143
Property Features for 201 E Ovilla Road
General Information
Standard status
Active
Size
1,657 SF
Lot size
0.65 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 12:52AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This Sonic drive-through restaurant comprises approximately 1,657 rentable square feet on an estimated 0.65-acre parcel. The property is structured as an absolute triple-net sale-leaseback, with the lease scheduled to begin at closing.
The initial lease term runs for 20 years, followed by four five-year renewal options. Contractual rent increases are set at 1.50% annually beginning in year six and continue through the base term and each renewal period.
The initial lease term runs for 20 years, followed by four five-year renewal options. Contractual rent increases are set at 1.50% annually beginning in year six and continue through the base term and each renewal period.
Key Highlights
- Sonic drive‑through restaurant on an estimated 0.65‑acre parcel
- Approximately 1,657 rentable square feet of building area
- 20‑year absolute triple‑net (NNN) sale‑leaseback
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 34%
Hotels & Casinos 2%
Shell
Shops & Services
28,072 visits/mo
0.4 miles
Wendy's
Dining
14,975 visits/mo
0.4 miles
Motel 6 Red Oak
Hotels & Casinos
1,060 visits/mo
0.4 miles
Demographics for 75154, TX
45,894
Population
17,170
Households
2.7
Avg Household Size
36
Median Age
31%
College-Educated
88%
High-School Grad
47.8 sq mi
ZIP Area
960
Density / Sq Mi
$96,150
Median Household Income
$48,112
Median Earnings
$1,446
Median Rent
$296,000
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 - Operating under a proposed absolute NNN sale-leaseback with a long initial term and renewal options.
Where is this drive through restaurant located?
The property is located at 201 E Ovilla Road Red Oak, TX.
What are key features of this property?
This property features: Sonic drive‑through restaurant on an estimated 0.65‑acre parcel; Approximately 1,657 rentable square feet of building area; 20‑year absolute triple‑net (NNN) sale‑leaseback
