About This Restaurant
Investment Highlights
Brand New 15 Year Absolute Triple Net (NNN) Lease 10% Bumps Every 5 Years Providing Strong Hedge Against Inflation Emerge Inc. is a Growing Operator With 168-Units Across Four Brands Strong Sales Performance With Healthy Rent-to-Sales Ratio Successful 31 Year Occupancy History Tenant Recently Reskinned This Store, Showing Long Term Commitment to Site
Executive Summary
Sands Investment Group i s Pleased to Present Exclusively For Sale the 1,215 SF Sonic Located a t 3711 Little York Road in Houston, TX. This Deal Includes a New 15 Year Triple Net (NNN) Lease With a n Experienced Sonic Operator, Providing For a Secured Investment.In Cooperation With Sands Investment Group Austin, LLC Lic . #9004706 BoR: Max Freedman Lic . # 644481
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office Fast Food
- Building Size 1,215
- Building Class C
- Year Built 1993
- Price 1,554,286
- Price Per SF 1,279
- Cap Rate 5.25
- NOI 81,600
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.03
- Land Acres 1.11 AC
Property Taxes
| Parcel Number | 0680090000014 | Improvements Assessment | $93,600 |
| Land Assessment | $209,752 | Total Assessment | $303,352 |
| Date Created: | 2024-07-16 04:23:39 | Last Updated: | 2024-07-16 04:23:39 |
| Address: | 3711 Little York Rd , Houston, Texas, 77093 | ||