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5020 Fairmont Pky
Pasadena, TX 77505
Sonic - Pasadena, TX (Fairmont) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand new 15-year Absolute Triple Net (NNN) Lease.
- Emerge! Inc. is a growing operator with 179 units across four brands.
- Strong demographics with a dense population of 100,170, resulting in an average household income of $84,979 within a 3-mile radius.
- Strong sales performance with a healthy rent-to-sales ratio.
- Successful and proven 33-year occupancy history.
- High traffic location with over 48,000 VPD.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to present exclusively for sale the 1,144 SF Sonic located at 5020 Fairmont Pkwy in Pasadena, TX. The deal includes over 15 years remaining on an Absolute Triple Net (NNN) Lease, providing a stable and reliable investment opportunity.
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
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
1,144 SF
Building Class
C
Year Built
1991
Price
$1,772,727
Price Per SF
$1,549.59
Cap Rate
5.50%
NOI
$97,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.59 AC
PROPERTY TAXES
| Parcel Number | 0341990000350 | Improvements Assessment | $278,681 |
| Land Assessment | $512,000 | Total Assessment | $790,681 |
PROPERTY TAXES
Parcel Number
0341990000350
Land Assessment
$512,000
Improvements Assessment
$278,681
Total Assessment
$790,681
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