17518 Morris Ave | Manvel, TX 77578
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- LoopNet Team
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
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
| Parcel Number | 0285-0024-121 | Improvements Assessment | $902,220 |
| Land Assessment | $897,780 | Total Assessment | $1,800,000 |
PROPERTY TAXES
Parcel Number
0285-0024-121
Land Assessment
$897,780
Improvements Assessment
$902,220
Total Assessment
$1,800,000
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