Brazoria, TX - Sonic

Description:

• The tenant currently has 13+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial lease term and at the beginning of each option, growing NOI and hedging inflation
• Lease is guaranteed by the Sonic entity. Parent company here is Emerge! Restaurant Group with nearly 200 restaurants across all their brands

• The subject property is along TX-36 which averages 16,500 VPD
• The site is surrounded by multiple national/credit tenants including Bucee’s, O’Reilly Auto Parts, Subway, Domino’s and many more
• The asset is in close proximity to Barrow Elementary School (378 students), increasing consumer traffic to the trade area

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Listing ID: a28TP000002HFJFYA4