730 S Columbia Dr West Columbia, TX 77486
For Sale
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This exceptional investment opportunity presents a 1,781 square foot Sonic Drive-In restaurant located at 730 South Columbia Drive, West Columbia, TX 77486. The property sits on a 0.91-acre lot and boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $86,537. Built in 2009, this single-tenant, absolute NNN lease with TaterToTexas Master, LLC (a franchisee) offers significant long-term stability with 14 years remaining until December 30, 2036. The lease includes a 10% rent increase every five years, ensuring consistent growth in rental income. The property benefits from its strategic location near Columbia High School, serving over 1,000 students and staff, and within a thriving community with strong demographics. The surrounding area features a high concentration of residents with an average household income of $88,787 within a 5-mile radius, and a variety of established businesses including CVS, HEB, Walgreens, and other national and local chains. The property's proximity to the Gulf of Mexico and Surfside Beach further enhances its appeal. This investment offers a compelling combination of strong tenant performance, a secure lease structure, and a desirable location, making it an ideal addition to any portfolio. The price per square foot is $809.82, and the asking price for this exceptional property is $1,442,283.
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Sonic Drive-In Restaurant Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.