Sonic | Friendswood, TX
Sands Investment Group is Pleased to Present For Sale the Sonic Absolute NNN Investment Located in Friendswood, Texas. This Deal Includes 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.
- 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 140-Units Across Four Brands
- Pandemic Proof of Concept and Recession Resistant
- Strong Demographics With a Population of 63,481 Residents Making an Average Household Income of $128,790 Within a 3-Mile Radius
- Four Minutes From Friendswood High School With Over 2,000 Students Providing Ample Foot Traffic and a Consistent Consumer Base
- Texas is an Income Tax-Free State
- Located Under 30-Minutes From the Space Center Houston and NASA Johnson Space Center
- Friendswood is a Southern Suburb of Houston and is Part of the Houston-The Woodlands-Sugar Land MSA Which Has a Population Over 7 Million People
- In 2007, CNN/Money Magazine Listed Friendswood as One of 100 “America’s Best Places to Live” For That Year
- Nearby Tenants Include: HEB, Jersey Mike’s Subs, Popeyes, Whataburger, Chase Bank, Sherwin-Williams, McDonald’s, Dairy Queen, Subway, Walgreens, Wendy’s, PNC Bank, Dunn Brothers Coffee & USPS
In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 BoR: Max Freedman Lic. # 644481
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