Sonic | (Dixie Dr) Clute, TX
Sands Investment Group is Pleased to Present For Sale the Sonic Absolute NNN Property Located in Clute, 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 Texas is an Income Tax-Free State
- Outstanding Location in a Dense Retail Area of Town and Adjacent to the BASF Chemical Division and Dow Chemical Plant Providing Ample Foot Traffic
- Strong Demographics With a Population of 33,576 Residents Making an Average Household Income of $92,613 Within a 3-Mile Radius
- Clute is a Smaller Suburb of East of Lake Jackson; 1 Hour South of Houston, and 1 Hour From Galveston
- Nearby Tenants Include: Lake Hardware & Lumber, McDonald’s, Burger King, Whataburger, Popeyes, Super 8, Red Roof Inn, Shipley Do-Nuts, Sherwin-Williams, Shell, AutoZone, Taco Bell, and Firestone
In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 BoR: Max Freedman Lic. # 644481
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