5127 Broadway Street Archives | Sands Investment Group

Sands Investment Group is Pleased to Present For Sale the Sonic Absolute Triple Net Lease Located in Galveston, Texas. This Deal Includes Over 14 Years Remaining on an Absolute Triple Net (NNN) Lease With 10% Rent Increases Every 5 Years With Additional Bonus Rent (7% of Gross Sales Over Base Rent), Providing For a Secured Investment.

Over 14 Years Remaining on an Absolute Triple Net (NNN) Lease
10% Rent Increases Every 5 Years With Additional Bonus Rent (7% of Gross Sales Over Base Rent)
Strong Sales Performance With Healthy Rent-to-Sales Ratio
Emerge! Inc. is a Growing Operator With 131-Units Across Four Brands
Outstanding Location on the Main Retail Corridor Which Sees Traffic Counts Over 51,735 VPD
Pandemic Proof of Concept
Strong Demographics With a Population of 27,653 Residents Making an Average Household Income of $67,476 Within a 3-Mile Radius
Just 6 Minutes From the Texas A&M University Which Serves Over 2,700 Students and Staff
Main Attractions Nearby: Moody Gardens, Galveston Beach and the Historic Pleasure Pier Which Includes a Ferris Wheel and Other Amusement Park Type Rides and Games
Galveston is a Coastal Resort City on the NW Coast of the Gulf of Mexico; Much of the Economy is Based on Tourism, Shipping and Financial Industries; The “Strand” Along the Seawall Blvd is the Most Popular Heavily Visited Spot For Tourists’ Beach Access
Texas is an Income Tax-Free State
Nearby Tenants Include: Enterprise Rent-A-Car, Sherwin Williams, Texaco, Anytime Fitness, Subway, Big Lots, USPS, 7-Eleven, Taco Bell, Burger King, O’Reilly Auto Parts, Shipley Do-Nuts and More