Freeport, 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 benefits from excellent frontage visibility along N Brazosport Blvd, which sees an average of over 21,000 vehicles per day
• The site is located near other national and credit tenants such as Taco Bell, McDonald’s, Buc-ee’s, Dollar General, and more
• Sonic is located less than two miles from Brazosport High School, which has over 900 students enrolled, creating a consistent consumer base
• Strong tenant synergy promotes crossover shopping to the subject property

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002HFBEYA4