Description

The Northmarq National Restaurant Group presents a single-tenant Sonic property located at 1805 S. 1st Street in Lufkin, Texas. The asset is secured by an absolute NNN lease with 14.52 years remaining, four five-year renewal options, and 10 percent rent increases every five years. The tenant, Soar Restaurants II, LLC, is a top-three Sonic franchisee that operates six different restaurant concepts, providing one of the strongest franchise guaranties within the brand. The property is positioned along Lufkin’s primary retail corridor, benefiting from traffic counts exceeding 33,000 vehicles per day and close proximity to major retailers such as Walmart, Sam’s Club, Home Depot, H-E-B, Chick-fil-A, Starbucks, and Lufkin Mall. The surrounding trade area includes more than 13,000 students within a five-mile radius, along with major employers including CHI St. Luke’s Health Memorial with over 2,000 employees, Pilgrim’s Pride with approximately 1,200 employees, and Georgia-Pacific with about 1,000 employees. The area also benefits from strong tourism, attracting approximately 6.3 million visitors in 2023. With its long-term absolute NNN lease, strong franchisee guaranty, and prime location in Texas, the property offers investors a stable income stream and long-term investment value.