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
Description
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.
Listing Details
- Cap Rate
5.58%
- Tenancy
Single
- Space Type
retail
- Sub Category
fast-food
- Sale Type
Investment Sale
- Date Listed
4/27/2026
- Net Operating Income
$72,504
- Parking Info
30 Spaces
- Building FAR
0.05
Property Specifics
- Property Name
2991 S State Highway 360 | Grand Prairie, TX 75052
- Property Class
A
- No of Buildings
1
- No of Stories
1
- Year Built
2000
- Building Size
1,558 SF
- Lot Size
0.78 Ac
- APN
07707932