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17518 Morris Ave
Manvel, TX 77578
Sonic - Manvel, TX · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Over 14 Years Remaining on an Absolute Triple Net (NNN) Lease
  • Strong Sales Performance With Healthy Rent-to-Sales Ratio
  • Pandemic Proof of Concept and Recession Resistant
  • 10% Rent Increases Every 5 Years With Additional Bonus Rent (7% of Gross Sales Over Base Rent)
  • Emerge! Inc. is a Growing Operator With 124-Units Across Four Brands (15-Unit Guaranty)
  • Texas is an Income Tax-Free State

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,879 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.59 AC
Parking
25 Spaces (13.3 Spaces per 1,000 SF Leased)
Frontage
864’ on Tx-6 Hwy

AMENITIES

  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0285-0024-121
Land Assessment
$897,780
Improvements Assessment
$902,220
Total Assessment
$1,800,000
  • Listing ID: 26210246

  • Date on Market: 7/20/2022

  • Last Updated:

  • Address: 17518 Morris Ave, Manvel, TX 77578

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