3711 Little York Rd - Fast Food FOR SALE
Houston, TX 77093 |
$1,483,636 USD
512-277-5924
3711 Little York Rd
Houston, TX 77093
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
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
FOR SALE DETAILS
PRICE
$1,483,636 USD
PRICE/SF
$1,221 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sonic - (Little York) Houston, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.11 AC
LAND SF
48,352 SF
ZONING
-
APN/PARCEL ID
0680090000014,0770850010016,0770850010017
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512-277-5924
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512-277-5924
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