Sonic - (Little York) Houston, TX | 3711 Little York Rd
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Sonic - (Little York) Houston, TX 3711 Little York Rd
1,215 SF Retail Building Houston, TX 77093 $1,483,636 ($1,221/SF) 5.50% Cap Rate
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
In Cooperation With Sands Investment Group Austin, LLC Lic . #9004706 BoR: Max Freedman Lic . # 644481
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,215 SF
Building Class
C
Year Built
1993
Price
$1,483,636
Price Per SF
$1,221
Cap Rate
5.50%
NOI
$81,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.11 AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Sonic
- Accommodation and Food Services
- 1,215 SF
- -
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Sonic | Accommodation and Food Services | 1,215 SF | - | Triple Net | - |
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $287,199 | |
| Land Assessment | $302,400 | Total Assessment | $589,599 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$302,400
Improvements Assessment
$287,199
Total Assessment
$589,599
Contacts
-
Will Schuhmacher -
Jordan Mulloy -
Max Freedman -
Sands Investment Group Austin, LLC
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Sonic - (Little York) Houston, TX | 3711 Little York Rd
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