Sonic | (Brazosport Blvd) Clute, TX
Sands Investment Group is Pleased to Present For Sale the Sonic Fast Food Asset Located in Clute, 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 124-Units Across Four Brands (15-Unit Guaranty)
- Pandemic Proof of Concept and Recession Resistant
- Down the Road From Brazosport College With Over 4,300 Students and Faculty Providing Consistent Consumer Base
- Texas is an Income Tax-Free State
- Outstanding Location on the Major North South Artery and Retail Corridor Through Town Which Sees Traffic Counts Exceeding 16,300 Vehicles Per Day
- Strong Demographics With a Population of 33,083 Residents Making an Average Household Income of $94,427 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: O’Reilly Auto Parts, Dollar General, Domino’s Pizza, First State Bank, Food City, Culligan Water and USPS
In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 BoR: Max Freedman Lic. # 644481
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