1006 1StHughes Springs, TX 75656

Property Details for 1006 1St

Year built

2002

Lot size

0.76 AC

Property size (Sq ft)

5,809 SF

Property type

Other commercial real estate

APN

10066-00490-00000-000000

APU

9223372036854775807

Description

This exceptional investment opportunity presents a freestanding Sonic Drive-In, ideally situated in Hughes Springs, Texas, at 1006 E 1st, 75656. The property boasts a 1,801-square-foot building on a 0.76-acre lot, constructed in 2002. Currently operating under a single-tenant, absolute NNN lease with a franchisee, the lease commenced December 29, 2008, and expires December 31, 2028, leaving approximately 4.1 years remaining. The lease includes two 10-year options with 2% annual rent bumps in the second option period. The property generates a strong NOI of $46,800, representing a 7.01% cap rate and a price per square foot of $370.91. The asking price is $668,000. This represents a compelling investment in a well-established, nationally recognized brand within a thriving market. The property's 100% occupancy and long-term lease structure provide exceptional stability and predictable cash flow. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant upside potential. The property's location and the strength of the Sonic brand contribute to its enduring value and attractiveness to investors seeking a secure and profitable investment. The property is not subject to a ground lease.

• Alternative Use

  Use

  Valuation

  Residential

  $1,464,302

  Hospitality

  $1,341,293

  Educational

  $1,115,940

  Medical

  $1,154,319

  Retail

  $1,735,906

Location Insight

City

Hughes Springs

County

Cass

State

Texas

Latitude

32.9985

Longitude

-94.6187

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.