Sonic | Santa Fe, TX
Sands Investment Group is Pleased to Present For Sale the Sonic Absolute Triple Net Investment Located in Santa Fe, 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
- Strong Demographics With a Population of 17,697 Residents Making an Above Average Household Income of $95,361 Within a 3-Mile Radius
- Texas is an Income Tax-Free State
- Outstanding Location With Long Term Viability; Just 6 Minutes From the High School and Adjacent to the Junior High and Kubacak Elementary
- Main Attractions in Nearby Galveston (Less Than 30 Minutes): Moody Gardens, Galveston Beach and the Historic Pleasure Pier Which Includes a Ferris Wheel and Other Amusement Park Type Rides and Games; and Schlitterbahn Waterpark
- Houston is Just 45 Minutes North While the NASA Space Center is Just 30 Minutes Away
- Nearby Tenants Include: HEB, Tractor Supply, McDonald’s, CVS, Jack in the Box, USPS & More
In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 BoR: Max Freedman Lic. # 644481
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