5647 Rufe Snow DrNorth Richland Hills, TX 76180

Property Details for 5647 Rufe Snow Dr

Year built

2001

Lot size

0.69 AC

Property size (Sq ft)

1,650 SF

Property type

Commercial real estate

APN

21115-7-3R2A

APU

2111573R2A

Description

This exceptional investment opportunity presents a freestanding Sonic Drive-In restaurant in North Richland Hills, Texas, within the DFW Metroplex. The 1,650 square foot building, constructed in 2001 and situated on a 0.69-acre lot, boasts a prime location on Rufe Snow Drive, a major north-south thoroughfare. Benefitting from high traffic volume and proximity to numerous retail anchors including Walmart, Sam's Club, Home Depot, and more, this property offers significant visibility and strong consumer traffic. The property is currently operating under a 15-year absolute NNN lease with a franchisee tenant, commencing October 1, 2016, and expiring September 30, 2031, leaving approximately 6.9 years remaining. The lease includes 4-5 year renewal options, providing long-term stability and predictable cash flow. With a current NOI of $143,000 and a 5.75% cap rate, this investment offers a compelling return on investment. The property's zoning is commercial, and the building features a prototypical Sonic design with covered drive-up parking and a drive-thru. This is a turnkey investment with no landlord responsibilities, presenting a rare opportunity to acquire a well-established, high-performing QSR property in a thriving market. The asking price is $2,487,000, translating to $1,507.27 per square foot.

• Alternative Use

  Use

  Valuation

  Residential

  $357,854

  Hospitality

  $327,792

  Educational

  $272,719

  Medical

  $282,098

  Retail

  $424,230

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.8505

Longitude

-97.2391

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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