Edinburg, TX - Sonic

Description:

• Lease personally guaranteed by a highly successful multi state, multi unit Sonic franchisee with decades of experience within the brand as well as the South Texas entity with multiple units (Information on Franchisee Here)
• New, 20-Year lease with 2 (5-year) option periods to extend
• The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period

• The subject property is located in close proximity to the University of Texas Rio Grande Valley’s stadium, which is designed to seat over 9,700
• Approximately two miles from the Shoppes at Rio Grande Valley with major tenants including Academy, JCPenney, Ross, Petco, Ulta, Texas Roadhouse, Starbucks, McDonald’s, Panera Bread, among many others
• Located in close proximity to Edinburg High School which has over 2,400 enrolled students
• Directly across from an approved $46 million, mixed-use development that will include 50,000 SF of commercial space and 192 apartment units
• Strong tenant synergy promotes crossover shopping to the subject property