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2991 S State Highway 360 | Grand Prairie, TX 75052
2991 S State Hwy 360, Grand Prairie, TX 75052
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FOR SALERetail / Fast Food
Cap Rate
5.58%
NOI
$72,504
Building Size
1,558SF
Parking Info
30 Spaces
APN
07707932
Lot Size
0.78Ac
Listing Contacts
More property details
Year Built
2000
Tenancy
Single Tenant
Currently Leased
No
Sale Type
Investment Sale
Building FAR
0.05
Property Class
A
No of Buildings
1
No of Stories
1
Features & amenities
Location Amenities
Airport
Commuter Rail
Location
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2991 S State Highway 360 | Grand Prairie, TX 75052
About the location
Paine Restaurant Group at Marcus & Millichap is offering a Sonic Drive-In in Grand Prairie, Texas, operating under an absolute triple-net lease with no landlord responsibilities, ensuring stable, passive income backed by a nationally recognized brand. The property is strategically located along Highway 360 with high traffic exposure and close access to major interstates connecting Dallas–Fort Worth. Surrounded by strong retail attractions and dense population, the site benefits from solid demographics and consistent consumer flow. Although current store performance is below average, the prime location and fundamentals offer strong potential for future improvement and long-term value growth.
Location highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- Located 20 Miles from Downtown Dallas between Dallas and Fort Worth | Adjacent to Multiple Interstate Access Points with access from a Combined 190,000 VPD on TX-360
- In Close Proximity to the Grand Prairie Premium Outlets with Over 90 Retailers and Several Other Shopping Centers like Trader Village | Directly Next Door to Starbucks and Many Other National Tenants
- Strong Demographics with over 145,000 Residents in a Three-Mile Radius and over 350,000 Residents in a Five-Mile Radius
- Operated by SOAR Restaurant Group | 190 Unit Sonic Operator Across 20 States and One of the Largest in the United States
- Attractive Price Point Below Replacement Cost and Below-Market Rent