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3711 Little York Rd
Houston, TX 77093
Sonic - (Little York) Houston, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- This property features a brand new 15-year Absolute Triple Net (NNN) Lease.
- The lease includes 10% rental increases every five years, providing a strong hedge against inflation.
- Emerge Inc. is a growing operator with 179 units across four brands.
- The site demonstrates strong sales performance with a healthy rent-tosales ratio.
- The location has a proven 31-year occupancy history.
- The tenant recently remodeled the store, showing a long-term commitment to the site.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to present exclusively for sale the 1,215 SF Sonic located at 3711 Little York Rd in Houston, TX. This deal includes a new 15-year Triple Net (NNN) Lease with an experienced Sonic operator, providing long-term stability and reliable income.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,215 SF
Building Class
C
Year Built
1993
Price
$1,483,636
Price Per SF
$1,221.10
Cap Rate
5.50%
NOI
$81,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.11 AC
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $281,321 | |
| Land Assessment | $302,400 | Total Assessment | $583,721 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$302,400
Improvements Assessment
$281,321
Total Assessment
$583,721
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