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6502 Seawall Blvd
Galveston, TX 77551
Sonic (Seawall) - Galveston, TX · Retail Property For Sale
Investment Highlights
- Approximately 15 Years Remaining on an Absolute Triple Net (NNN) Lease
- Strong Sales Performance With Healthy Rent-to-Sales Ratio
- Pandemic Proof of Concept
- 10% Rent Increases Every 5 Years With Additional Bonus Rent (7% of Gross Sales Over Base Rent)
- Emerge! Inc. is a Growing Operator With 124-Units Across Four Brands (15-Unit Guaranty)
- Outstanding Location as an Outparcel to the Walmart Supercenter on the Main Retail and Entertainment Corridor Which Sees Traffic Counts Over 31,907 VP
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,656 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.77 AC
Zoning
C
Parking
29 Spaces (17.51 Spaces per 1,000 SF Leased)
Frontage
305’ on Seawall Boulevard
Property Taxes
| Parcel Number | 6617-0000-0000-001 | Improvements Assessment | $662,480 |
| Land Assessment | $1,099,520 | Total Assessment | $1,762,000 |
Property Taxes
Parcel Number
6617-0000-0000-001
Land Assessment
$1,099,520
Improvements Assessment
$662,480
Total Assessment
$1,762,000
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