Listed by SRS Louisville, SRS Real Estate Partners Louisville
$2,689,000
Sonic | Brazoria, TX
Details
APN 2040-0758-000
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,522
Cap Rate 5.95%
NOI $160,000
Occupancy 100%
Tenancy Single
Brand/Tenant Sonic
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2039
Remaining Term 13.4
Rent Bumps Yes
Lease Options 4 (5-Year)
Price per SqFt $1,767
Year Built 2006
Buildings 1
Stories 1
Acreage 0.560
Zoning General Commercial
Parking Spaces 21 spaces
Parking per 1,000 SqFt 13.80
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/22/2024
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.95% CAP | 1,522 SqFt
Investment highlights
13+ Years Remaining | Scheduled Rental Increases | Strong Operator (53 units) | Established Brand
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Along TX-36 | Strong National/Credit Tenant Presence | Barrow Elementary School
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Listing Contacts
Listed by SRS Louisville, SRS Real Estate Partners Louisville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,000.00
$13,333.33/mo
Valuation Metrics
0
DSCR
5.95%
Cap Rate
5.95%
ROI
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