2616 Spencer Hwy | Pasadena, TX 77504
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2616 Spencer Hwy
Pasadena, TX 77504
Sonic Pasadena TX - 15 Year SLB - Healthy RTS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 15 Year Absolute Triple Net (NNN) Lease
- Strong Sales Performance With Healthy Rent-to-Sales Ratio
- Essential Use Tenant With Drive-Thru; Pandemic and Recession Resistant
- 10% Rent Increases Every 5 Years Allowing Investors to Hedge Against Inflation
- Emerge Inc. is a Growing Operator With 124-Units Across Four Brands (28-Unit Guaranty)
- Ideal Opportunity For 1031 Exchange Buyers - National Fast Food Tenant in an Affluent and Growing Market
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,690 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.57 AC
PROPERTY TAXES
| Parcel Number | 0341980060001 | Improvements Assessment | $786,759 |
| Land Assessment | $375,000 | Total Assessment | $1,161,759 |
PROPERTY TAXES
Parcel Number
0341980060001
Land Assessment
$375,000
Improvements Assessment
$786,759
Total Assessment
$1,161,759
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