5647 Rufe Snow Dr North Richland Hills, TX 76180
- Commercial real estate
- 1,650 SF
- 0.69 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5647 Rufe Snow Dr
- Year built
- 2001
- Lot size
- 0.69 lot acres
- Property size
- 1,650 SF
- Property type
- Commercial real estate
- APN
- 21115-7-3R2A
- APU
- 2111573R2A
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Richland Hills
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2391
- Latitude
- 32.8505
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
