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5127 Broadway St
Galveston, TX 77551
Sonic | (Broadway) Galveston TX · Retail Property For Sale
Investment Highlights
- Over 14 Years Remaining on an Absolute Triple Net (NNN) Lease
- Strong Sales Performance With Healthy Rent-to-Sales Ratio
- Outstanding Location on the Main Retail Corridor Which Sees Traffic Counts Over 51,735 VPD
- 10% Rent Increases Every 5 Years With Additional Bonus Rent (7% of Gross Sales Over Base Rent)
- Emerge! Inc. is a Growing Operator With 131-Units Across Four Brands
- Pandemic Proof of Concept
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,776 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.03 AC
Zoning
C
Amenities
- Pylon Sign
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 2965-0006-0000-003 | Improvements Assessment | $573,070 |
| Land Assessment | $972,000 | Total Assessment | $1,545,070 |
Property Taxes
Parcel Number
2965-0006-0000-003
Land Assessment
$972,000
Improvements Assessment
$573,070
Total Assessment
$1,545,070
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