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209 Highway 332 W
Lake Jackson, TX 77566
Sonic | Absolute NNN · Retail Property For Sale
Investment Highlights
- 13+ Years Remaining | Scheduled Rental Increases | Strong Operator (53 units) | Established Brand
- Along Hwy 332 | Nolan Ryan Expy | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
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
1,518 SF
Building Class
C
Year Built/Renovated
1994/1997
Price
$3,509,000
Price Per SF
$2,311.59
Cap Rate
5.70%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.64 AC
Parking
30 Spaces (19.76 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 6292-0100-150 | Improvements Assessment | $1,065,010 |
| Land Assessment | $134,990 | Total Assessment | $1,200,000 |
Property Taxes
Parcel Number
6292-0100-150
Land Assessment
$134,990
Improvements Assessment
$1,065,010
Total Assessment
$1,200,000
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