5020 Fairmont Pkwy, Pasadena, TX 77505
1,144 SF | Retail Building | Pasadena, TX 77505 | $1,857,143 ($1,623/SF) | 5.25% Cap Rate
For Sale
Active
Asking Price $1,857,143
- Property Type
-
Retail
- Square Feet
- 1,144 SF
- Price / Square Foot
- $1,623
Listing Contacts
Jordan Mulloy
Will Schuhmacher
Max Freedman
- Property Info
Property Overview
Sands Investment Group is Pleased to Present Exclusively For Sale the 1,144 SF Sonic Located at 5020 Fairmont Parkway in Pasadena, T X. This Deal Includes Over 15 Years Remaining on an Absolute Triple Net (NNN) Lease, Providing For a Secured Investment.
Property Details
- Year Built
- 1991
- Stories
- 1
- Lot Size (sq. ft)
- 25,700 SF
Highlights
- Brand New 15 Year Absolute Triple Net (NNN) Lease
- Strong Sales Performance With Healthy Rent-to- Sales Ratio
- Emerge Inc. is a Growing Operator With 168-Units Across Four Brands
- Essential Use Tenant With Drive Thru; Pandemic and Recession Resistant
- High Traffic Location With Over 44,000 VPD
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