551 S Hwy 69
Leonard, TX 75452
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Featuring No Landlord Responsibilities and 1.25% Rental Increases Annually
- Just over Seven (7) Years of Lease Term Remaining and No Renewal Options
- Located within Close Proximity to Dollar General and Spring Market, the Trade Area's only Two Daily Needs Retailers
- Mason-Harrison-Ratliff, the Brand's Largest Franchisee (300+ Units), has Nearly 20 Years of Operating History at This Location
- 0.64 Acre Site Fronts US Highway 69, Connecting Leonard to the Cities of Sherman and Greenville
- Located at the Signalized Intersection of US Highway 69 and State Highway 78, which Provides Access to McKinney and the Greater DFW Metro Area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,527 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.70 AC
PROPERTY TAXES
| Parcel Number | 108025 | Improvements Assessment | $496,129 |
| Land Assessment | $154,290 | Total Assessment | $650,419 |
