Listed by SRS Louisville, SRS Real Estate Partners Louisville
$3,361,000
Sonic | Lake Jackson, TX
Details
APN 6292-0100-150
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,518
Cap Rate 5.95%
NOI $200,000
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 $2,214
Year Built 1994
Year Renovated 1997
Buildings 1
Stories 1
Acreage 0.640
Zoning General Commercial
Parking Spaces 30 spaces
Parking per 1,000 SqFt 19.76
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/22/2024
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.95% CAP | 1,518 SqFt
Investment highlights
13+ Years Remaining | Scheduled Rental Increases | Strong Operator (53 units) | Established Brand
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Along Hwy 332 | Nolan Ryan Expy | Dense Retail Corridor
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Listing Contacts
Listed by SRS Louisville, SRS Real Estate Partners Louisville
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,000.00
$16,666.67/mo
Valuation Metrics
0
DSCR
5.95%
Cap Rate
5.95%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
