1040 S 11th St | Beaumont, TX 77701
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- LoopNet Team
1040 S 11th St
Beaumont, TX 77701
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | No Landlord Responsibilities
- Strong Franchisee Guaranty | The franchisee operates 60 Sonic Drive-In Locations across Georgia, South Carolina & Texas
- High Traffic Count | The adjacent U.S. Route 90 (College St) is a main Beaumont thruway providing over 27k+ VPD. I-10 provides over 100k+ VPD
- Annual Rent Increases | 1.5% annual increases through the remainder of the Lease and Options
- Well Below Market Rent | Rent of $86,715 is 28% below TX Market Rent ($120,521) and 30% below National Market Rent ($124,001)
- Central Retail Area | The property is part of Beaumont’s central retail area at the SEQ of Route 90 & I-10
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,328 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.37 AC
Parking
40 Spaces (23.52 Spaces per 1,000 SF Leased)
Frontage
112’ on S 11th St
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 013415-000-003100-00000 | Improvements Assessment | $389,608 |
| Land Assessment | $98,292 | Total Assessment | $487,900 |
PROPERTY TAXES
Parcel Number
013415-000-003100-00000
Land Assessment
$98,292
Improvements Assessment
$389,608
Total Assessment
$487,900
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