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Sonic | Absolute NNN 730 S Columbia Dr 1,781 sq ft Retail Property West Columbia, TX 77486 £1,390,134 (£780.54/sq ft) 5.95% Net Initial Yield
Investment Highlights
- 13+ Years Remaining | Scheduled Rental Increases | Strong Operator (53 units) | Established Brand
- Near Hard Corner Intersection | Columbia High School |Strong National/Credit Tenants Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• 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 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Property Size
1,781 sq ft
Costar Property Class
C
Year Built
2009
Price
£1,390,134
Price per sq ft
£780.54
Yield
5.95%
NOI
£82,701
Tenancy
Single
Number of Floors
1
Plot ratio
0.04
Total Plot Size
0.92 ac
Frontage
156 ft on South Columbia Drive
Amenities
- Pylon Sign
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6292-0100-150 | Improvements Assessment | £800,706 |
| Land Assessment | £101,490 | Total Assessment | £902,196 |
Property Taxes
Parcel Number
6292-0100-150
Land Assessment
£101,490
Improvements Assessment
£800,706
Total Assessment
£902,196
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Sonic | Absolute NNN | 730 S Columbia Dr
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