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Sonic - Absolute NNN 707 N Highway 36 1,522 SF Retail Building Brazoria, TX 77422 $2,909,000 ($1,911.30/SF) 5.50% Cap Rate
Investment Highlights
- 13+ Years Remaining | Scheduled Rental Increases | Strong Operator (53 units) | Established Brand
- Along TX-36 | Strong National/Credit Tenant Presence | Barrow Elementary School
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• The tenant currently has 13+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial lease term and at the beginning of each option, growing NOI and hedging inflation
• Lease is guaranteed by the Sonic entity. Parent company here is Emerge!Restaurant Group with nearly 200 restaurants across all their brands
• The lease features 10% rental increases every 5 years during the initial lease term and at the beginning of each option, growing NOI and hedging inflation
• Lease is guaranteed by the Sonic entity. Parent company here is Emerge!Restaurant Group with nearly 200 restaurants across all their brands
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,522 SF
Building Class
C
Year Built
2006
Price
$2,909,000
Price Per SF
$1,911.30
Cap Rate
5.50%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.56 AC
Zoning
GC - General Commercial
Parking
21 Spaces (13.8 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 2040-0758-000 | Improvements Assessment | $905,370 |
| Land Assessment | $94,630 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Number
2040-0758-000
Land Assessment
$94,630
Improvements Assessment
$905,370
Total Assessment
$1,000,000
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Sonic - Absolute NNN | 707 N Highway 36
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