$5,832,000 USD
214-560-3249
3131 Richmond Ave
Houston, TX 77098
Greenway-Upper Kirby
HIGHLIGHTS
- 17+ Years Remaining | Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Greenway Commons | Dense Retail Corridor | Proximity To Large Multi-Family Developments
- Extremely Strong Demographics In The Immediate Trade Area
OVERVIEW
• 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
FOR SALE DETAILS
PRICE
$5,832,000 USD
PRICE/SF
$1,617 USD /SF
CAP RATE
5.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sonic Automotive | 17+yrs Remain Corp NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1959
SPRINKLERS
-
PARKING SPACES
32
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,314 SF
ZONING
-
APN/PARCEL ID
0650850060002,0650850060005,0650850060006,0650850060007
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214-560-3249
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214-560-3249
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