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| Price $1,302,583 | Built/Renov 2008 | Tenant Sonic Drive-In |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
1,712
| Lease Start
12-03-2021
| #Units
54
|
| Price/SF $760.85 | Expiration
12-31-2036
| Tenant Type Fast Casual/Rest. |
| NOI $78,155 | R. Term 12.0 | Ownership Fee Simple |
| Rent/SF
$45.65
| Increases 10.0%/5/yrs | Pop 5Mi 32,820 |
| Lot/AC 0.45 | Options 3/5yrs/10% | AHHI 5Mi $73,246 |
| | |
Sonic Drive-In is strategically located on N Brazosport Boulevard, with access to a daily traffic count of 28,263 vehicles. The property is situated just down the road from Brazosport College, which has over 4,300 students and faculty. Additionally, it is adjacent to the Brazos River, a popular destination for outdoor enthusiasts engaged in activities such as camping, fishing, hunting,...
...Hard corner intersection
Build to suit
Dense retail corridor
Near major nationals
Strong tenant synergy
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
50+ unit franchisee backed
Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 3,919 | 10,858 | 29,402 |
| 2024 Total Population : | 3,921 | 10,853 | 29,340 |
| 2024 Employed Civilian Pop : | 1,461 | 4,468 | 13,507 |
| 2024 Total Businesses : | 192 | 463 | 1,152 |
| 2024 Average Household Income : | $ 56,273 | $ 64,717 | $ 86,210 |
| 2024 Total Consumer Spending : | $ 71 M | $ 218 M | $ 842 M |
| 2024 Median Age : | 34 | 34 | 35 |
| 2024 Total Households : | 1,404 | 3,743 | 10,908 |
| 2024 Pop Age 25+: Bachelor's Degree : | 96 | 373 | 2,104 |
| 2024 Average Home Value : | $ 146,622 | $ 183,035 | $ 218,025 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Ave I | Sweeney St | 2006 | 910 | 0.16 mi |
| Yellowstone St | N Ave J | 2006 | 1,120 | 0.17 mi |
| Sweeny St | 2006 | 4,670 | 0.19 mi | |
| Yellowstone St | N Ave L | 2006 | 2,760 | 0.24 mi |
| H Ave | Travis St | 2006 | 520 | 0.29 mi |
| N Ave J | Skinner St | 2006 | 2,210 | 0.30 mi |
| N Brazosport Blvd | G Ave | 2013 | 22,234 | 0.33 mi |
| Skinner St | N Ave J | 2006 | 2,330 | 0.35 mi |
| J Ave | Quintana St | 2006 | 3,680 | 0.38 mi |
| N Ave O | Uvalde St | 2006 | 460 | 0.41 mi |
Buffalo, MN
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 2,076
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
