Listed by SRS Louisville, SRS Real Estate Partners Louisville
$2,689,000
Sonic | Texas City, TX
Details
APN 7053-0003-0006-000
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,781
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 $1,510
Year Built 2009
Buildings 1
Stories 2
Acreage 0.900
Zoning (E) General Business
Parking Spaces 33 spaces
Parking per 1,000 SqFt 18.53
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/22/2024
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.95% CAP | 1,781 SqFt
Investment highlights
13+ Years Remaining | Scheduled Rental Increases | Strong Operator (53 units) | Established Brand
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Palmer Plaza | Texas City Bay | Highly Trafficked Corridor
Strong Demographics In 5-Mile Trade Area
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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Property History
Tax History
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