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 $2,146,079 CAD ($1,766 CAD/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
$2,146,079 CAD
Price Per SF
$1,766 CAD
Cap Rate
5.50%
NOI
$118,034 CAD
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
- -
- Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sonic | Accommodation and Food Services | 1,215 SF | - | Net | - |
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $407,420 CAD | |
| Land Assessment | $428,985 CAD | Total Assessment | $836,405 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$428,985 CAD
Improvements Assessment
$407,420 CAD
Total Assessment
$836,405 CAD
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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