West Columbia, 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 located near the hard corner intersection of S Columbia Dr and TX-35 which combined average 17,000 VPD
• Nearby national/credit tenants include Walmart Supercenter, Walgreens, O’Reilly Auto Parts, Dollar General, CVS and more
• The site is right next to Columbia High School (896 students), further increasing consumer traffic to the site

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Listing ID: a28TP000002HFXlYAO