The Boulder Group completed the sale of a single-tenant ground-leased Sonic Drive-In property at 900 W. John Carpenter Freeway in Irving, Texas, for $1.81 million.
The 2,450-square-foot building benefits from its position along West John Carpenter Freeway which experiences 131,467 vehicles per day and leads directly to downtown Dallas. Sonic is also a neighbor to a wide variety of retailers including, Chase, Walgreens, Chick-Fil-A, Starbucks, Bank of America and 7-Eleven.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The Seller was a Florida based real estate fund and the buyer was a west coast individual in a 1031 exchange.
