1208 Federal Rd | Houston, TX 77015
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- LoopNet Team
1208 Federal Rd
Houston, TX 77015
Sonic Drive-In -Corp. Short-Term Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Ground Lease – Zero Landlord Responsibility
- Tenant Pays Low Rents of $55,902 Annually – High Probability of Lease Option Renewal
- 181,741 Residents Within 5 Miles – Property is Located Just 10 Miles East of Downtown Houston – Income Tax Free State
- Large 1.26-Acre Parcel – Two Access Points Provides Customers Easy Ingress/Egress
- One 5 Year Option Remains w/ 10% Rent Increase – 17+ Years Historical Occupancy
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,526 SF
Building Class
C
Year Built
1960
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.27 AC
Zoning
None
Frontage
223’ on Federal Rd
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 0690390000021 | Improvements Assessment | $401,458 |
| Land Assessment | $277,560 | Total Assessment | $679,018 |
PROPERTY TAXES
Parcel Number
0690390000021
Land Assessment
$277,560
Improvements Assessment
$401,458
Total Assessment
$679,018
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