Log In/Sign Up
Your email has been sent.
SONIC 1605 N Brazosport Blvd 1,712 SF Retail Building Freeport, TX 77541 $1,905,000 ($1,112.73/SF) 5.25% Cap Rate
Investment Highlights
- 13+ Years Remaining | Scheduled Rental Increases | Strong Operator (53 units) | Established Brand
- Excellent Frontage Visibility | Nearby National/Credit Tenants Brazosport High School (900+ Student)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant currently has 13+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial lease term and at the beginning of each option, growing NOI and hedging inflation
• Lease is guaranteed by the Sonic entity. Parent company here is Emerge!Restaurant Group with nearly 200 restaurants across all their brands
• The lease features 10% rental increases every 5 years during the initial lease term and at the beginning of each option, growing NOI and hedging inflation
• Lease is guaranteed by the Sonic entity. Parent company here is Emerge!Restaurant Group with nearly 200 restaurants across all their brands
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,712 SF
Building Class
B
Year Built
2008
Price
$1,905,000
Price Per SF
$1,112.73
Cap Rate
5.25%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
C-1 - Retail Business
Parking
24 Spaces (14.02 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 8110-3715-110 | Improvements Assessment | $1,073,440 |
| Land Assessment | $126,560 | Total Assessment | $1,200,000 |
Property Taxes
Parcel Number
8110-3715-110
Land Assessment
$126,560
Improvements Assessment
$1,073,440
Total Assessment
$1,200,000
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
SONIC | 1605 N Brazosport Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.