Sonic - (Little York) Houston, TX
1,215 SF | Retail Building | Houston, TX 77093 | $1,554,286 ($1,279/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,554,286
- Property Type
-
Retail, Restaurant
- Square Feet
- 1,215 SF
- Price / Square Foot
- $1,279
Listing Contacts
Will Schuhmacher
Verified Profile
Jordan Mulloy
Verified Profile
Max Freedman
Verified Profile
- Property Info
Property Overview
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 Details
- Class
- C
- Year Built
- 1993
- Stories
- 1
- Property Subtype
- Storefront, Storefront Retail/Office
- Lot Size (sq. ft)
- 48,352 SF
Highlights
- Brand New 15 Year Absolute Triple Net (NNN) Lease
- Strong Sales Performance With Healthy Rent-to-Sales Ratio
- 10% Bumps Every 5 Years Providing Strong Hedge Against Inflation
- Successful 31 Year Occupancy History
- Emerge Inc. is a Growing Operator With 168-Units Across Four Brands
- Tenant Recently Reskinned This Store, Showing Long Term Commitment to Site
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