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SONIC 1605 N Brazosport Blvd 1,712 SF Retail Building Freeport, TX 77541 $2,323,730 CAD ($1,357.32 CAD/SF) 5.95% Cap Rate
Investment Highlights
- 13+ Years Remaining | Scheduled Rental Increases | Strong Operator (53 units) | Established Brand
- Excellent Frontage Visibility | Nearby National/Credit Tenants Brazosport High School (900+ Student)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant currently has 13+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial lease term and at the beginning of each option, growing NOI and hedging inflation
• Lease is guaranteed by the Sonic entity. Parent company here is Emerge!Restaurant Group with nearly 200 restaurants across all their brands
• The lease features 10% rental increases every 5 years during the initial lease term and at the beginning of each option, growing NOI and hedging inflation
• Lease is guaranteed by the Sonic entity. Parent company here is Emerge!Restaurant Group with nearly 200 restaurants across all their brands
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,712 SF
Building Class
B
Year Built
2008
Price
$2,323,730 CAD
Price Per SF
$1,357.32 CAD
Cap Rate
5.95%
NOI
$138,235 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
C-1 - Retail Business
Parking
24 Spaces (14.02 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 8110-3715-110 | Improvements Assessment | $1,492,082 CAD |
| Land Assessment | $175,918 CAD | Total Assessment | $1,668,000 CAD |
Property Taxes
Parcel Number
8110-3715-110
Land Assessment
$175,918 CAD
Improvements Assessment
$1,492,082 CAD
Total Assessment
$1,668,000 CAD
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SONIC | 1605 N Brazosport Blvd
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