Houston, TX - Sonic Automotive

Description:

• Sonic Automotive Inc. Corporate (NYSE: SAH) guaranteed lease
• 17+ years remaining with 2 (5-year) option periods to extend
• The lease features annual rental increases through 2028 then rental increases every 5 years for the remainder of the term
• The property’s roof was replaced in 2022 with a new TPO roofing system

- The subject property is located less than 1 mile from Greenway Commons, a Costco and LA Fitness anchored center with other tenants including Panda Express, Smoothie King, Salata, and Bank of America
- Located in the center of a dense retail corridor with national/credit tenants including Life Time, Whole Foods, Academy, H-E-B, First Watch, and more
- The site is located in close proximity to several large multi-family developments including the Camden Greenway Apartments (756 units), The Levy (227 units), Avenue Grove (207 units), and several others
- Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000002EFm1YAG