209 Hwy 332nd W, Lake Jackson, TX 77566-4019
- Commercial real estate
- 1,518 SF
- 0.64 lot acres
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 209 Hwy 332nd W
- Year built
- 1994
- Lot size
- 0.64 lot acres
- Property type
- Commercial real estate
- APN
- 7133-2201-003
- APU
- 71332201003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 3, 2024 | — | Emergel Properties LLC | Lachance Watford Land INC | Warranty Deed | — |
Description
This exceptional investment opportunity presents a 1,518 square foot Sonic Drive-In restaurant located at 209 Highway 332 West in Lake Jackson, Texas. The property boasts a 14-year absolute triple net (NNN) lease with a franchisee tenant, commencing December 2, 2021, and expiring December 30, 2036. The lease includes a 10% rent increase every five years, plus additional bonus rent based on sales exceeding a base amount (7% of gross sales over base rent). The property sits on a 0.64-acre lot and was built in 1994. The current asking price is $2,488,117, representing a price per square foot of $1,639.08 and a 6.00% cap rate. The property enjoys a 100% occupancy rate, generating a net operating income (NOI) of $149,287. The strong sales performance and healthy rent-to-sales ratio contribute to the investment's stability. The location benefits from high traffic counts exceeding 40,550 vehicles per day, situated in a dense retail area with nearby national tenants including Planet Fitness, Tractor Supply, Kohl's, Hobby Lobby, TJ Maxx, Best Buy, Home Depot, Goodwill, Lowe's, CVS, Walmart Supercenter, Urban Air, Chick-fil-A, Raising Cane's, Whataburger, BWW, and IHOP. Lake Jackson's affluent demographics, with an average household income exceeding $112,423 within a 3-mile radius and a population of 29,040, further enhance the property's value. The location's proximity to the Dow Chemical Company, Buc-ee's, and the Sea Center Texas adds to its appeal. Texas's income tax-free status is an additional benefit. This is a secure, high-performing investment in a prime location within the greater Houston metropolitan area. The tenant, a multi-unit operator with 168 units across four brands, demonstrates a proven track record. Three five-year lease options are available.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Jackson
- County
- Brazoria
- State
- Texas
- Longitude
- -95.4656
- Latitude
- 29.0479
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
