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    5647 Rufe Snow Dr North Richland Hills, TX 76180

    Sponsored
    For Sale
    $2,487,000

    High-Traffic Texas QSR Net Lease

    Property size:
    1,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a freestanding Sonic Drive-In restaurant in North Richland Hills, Texas, within the DFW Metroplex. The 1,650 square foot building, constructed in 2001 and situated on a 0.69-acre lot, boasts a prime location on Rufe Snow Drive, a major north-south thoroughfare. Benefitting from high traffic volume and proximity to numerous retail anchors including Walmart, Sam's Club, Home Depot, and more, this property offers significant visibility and strong consumer traffic. The property is currently operating under a 15-year absolute NNN lease with a franchisee tenant, commencing October 1, 2016, and expiring September 30, 2031, leaving approximately 6.9 years remaining. The lease includes 4-5 year renewal options, providing long-term stability and predictable cash flow. With a current NOI of $143,000 and a 5.75% cap rate, this investment offers a compelling return on investment. The property's zoning is commercial, and the building features a prototypical Sonic design with covered drive-up parking and a drive-thru. This is a turnkey investment with no landlord responsibilities, presenting a rare opportunity to acquire a well-established, high-performing QSR property in a thriving market. The asking price is $2,487,000, translating to $1,507.27 per square foot.

    Property Features for 5647 Rufe Snow Dr

    General Information

    Property type
    Restaurants
    Square Feet
    1,650 SF
    Lot Size
    30,056 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1

    HighLights

    • $2,487,000 asking price for this Net Leased Sonic Drive‑In.
    • Absolute NNN lease with a strong franchisee tenant.
    • 15‑year lease, 6.9 years remaining, with 4‑5 year renewal options.
    • 1,650 square foot building on a 0.69‑acre lot in North Richland Hills, TX.
    • 5.75% cap rate with a $143,000 NOI.
    • Located in a high‑traffic area near major retailers like Walmart and Home Depot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2392867
    Latitude
    32.8504655

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    FAQs

    What type of property is this?
    Restaurant - High-Traffic Texas QSR Net Lease
    Where is this restaurant located?
    The property is located at 5647 Rufe Snow Dr North Richland Hills, TX.
    What is the asking price?
    The asking price for this property is $2,487,000.
    What are key features of this property?
    This property features: $2,487,000 asking price for this Net Leased Sonic Drive-In.; Absolute NNN lease with a strong franchisee tenant.; 15-year lease, 6.9 years remaining, with 4-5 year renewal options.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5647 Rufe Snow Dr North Richland Hills, TX 76180
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