2648 Memorial Blvd | Port Arthur, TX 77640
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2648 Memorial Blvd
Port Arthur, TX 77640
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | No Landlord Responsibilities
- Strong Franchisee Guaranty | The franchisee operates 60 Sonic Drive-In Locations across Georgia, South Carolina & Texas
- High Traffic Count | Memorial Blvd is a main thruway from Beaumont to Port Arthur, providing 24k+ VPD
- Annual Rent Increases | 1.5% annual increases through remainder of Lease and Options
- Well Below Market Rent | Rent of $37,521 is 69% below TX Market Rent ($120,521) and 70% below National Market Rent ($124,001)
- Home to Global Leaders | ENGlobal, ExxonMobil, Goodyear Tire, Motiva Enterprises, Valero Refining Group
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,194 SF
Building Class
C
Year Built
1976
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.40 AC
Zoning
Com - Commerical
Parking
24 Spaces (20.1 Spaces per 1,000 SF Leased)
Frontage
109’ on Memorial blvd
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 006650-000-000500-00000 | Improvements Assessment | $171,880 |
| Land Assessment | $22,750 | Total Assessment | $194,630 |
PROPERTY TAXES
Parcel Number
006650-000-000500-00000
Land Assessment
$22,750
Improvements Assessment
$171,880
Total Assessment
$194,630
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