1605 Brazosport Blvd Freeport, TX 77541-3513
- Drive through restaurants
- 1,712 SF
- 0.45 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 1605 Brazosport Blvd
- Year built
- 2008
- Lot size
- 0.45 lot acres
- Property size
- 1,712 SF
- Property type
- Drive through restaurants
- APN
- 8110-3715-110
- APU
- 81103715110
Description
This exceptional investment opportunity presents a 1,712 square foot Sonic Drive-In restaurant located at 1605 N Brazosport Boulevard, Freeport, TX 77541. The property sits on a 0.45-acre lot and boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $78,155. The absolute NNN lease, with a franchisee tenant, commenced December 2, 2021, and extends to December 30, 2036, offering a substantial 14-year remaining lease term. Rent increases are structured with a 10% bump every five years. The property was built in 2008 and enjoys 100% occupancy. The asking price is $1,302,583, translating to a price per square foot of $760.85. The lease includes three five-year renewal options. This location benefits from its proximity to Brazosport College (over 4,300 students and faculty), the Brazos River, and a dense retail area including notable businesses such as Jack in the Box, Little Caesars Pizza, and Dollar General. The strong demographics of Freeport, TX (population 32,820, average household income $73,246 within a 5-mile radius), coupled with the tenant's robust sales performance and the income tax-free status of Texas, make this a compelling investment. The property's location near major industrial employers like Dow Chemical, Shintech, and SI Group further enhances its appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Brazoria
- State
- Texas
- Longitude
- -95.3736
- Latitude
- 28.9754
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
