3626 Old Spanish Trl | Houston, TX 77021
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3626 Old Spanish Trl
Houston, TX 77021
Sonic - 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)
- Strong Demographics Within a 3-Mile Radius: Densely Populated With 157,634 With an Average Household Income of $72,369
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,549 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.34 AC
Zoning
n/a
Parking
41 Spaces (26.47 Spaces per 1,000 SF Leased)
Frontage
152’ on Old Spanish Trail
Property Taxes
| Parcel Number | 1260200010003 | Improvements Assessment | $437,516 |
| Land Assessment | $2,050,580 | Total Assessment | $2,488,096 |
Property Taxes
Parcel Number
1260200010003
Land Assessment
$2,050,580
Improvements Assessment
$437,516
Total Assessment
$2,488,096
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