Sonic – Pasadena, TX

Sands Investment Group is pleased to exclusively offer for sale the 1,690 SF Sonic Absolute NNN Asset located at 2616 Spencer Highway in Pasadena, TX. The property generates $130,248 in annual in-place rental income under an Absolute Triple Net (NNN) Lease, with the tenant responsible for property taxes, insurance, roof, structure, HVAC, repairs, maintenance, and other operating expenses. The property is priced at a 6.00% Cap Rate on the scheduled October 1, 2028 rent of $143,273, and the seller will credit the buyer the difference between current and scheduled rent from closing through September 30, 2028.

• ~12 Years Remaining on Primary Lease Term: Originally structured as a 15-year sale-leaseback commencing October 13, 2023, the property offers ~12 years of remaining primary lease term through September 2038, plus 4 additional 5-year renewal options.
• Absolute Triple Net (NNN) Lease with $130,248 in Annual Income: The property generates $130,248 in annual in-place rent under an Absolute Triple Net (NNN) lease, with the tenant responsible for property taxes, insurance, roof, structure, HVAC, repairs, maintenance, and other operating expenses, providing investors with a true passive ownership structure.
• Contractual 10% Rent Increases Every 5 Years: The lease includes 10% rental increases every 5 years, providing scheduled income growth throughout the primary term and renewal periods. The next increase, scheduled for October 2028, raises annual rent to $143,273.
• Award-Winning Multi-State, Multi-Brand Franchisee – Emerge! Inc.: The property is operated by TatertoTexas, LLC, the Sonic operating subsidiary of Emerge! Inc., an established restaurant franchisee. Emerge operates ~180 restaurants across five brands, including Sonic, Taco Bell, KFC, Pizza Hut, and 7 Brew, throughout multiple states. Its Sonic division comprises 53 locations across Texas and Louisiana, employing ~1,490 people.
• 2021 Construction with Modern Sonic Drive-In Design: The 1,690 SF restaurant was constructed in 2021 on 0.57 acres and features Sonic’s contemporary drive-in format, including drive-thru service and covered vehicle stalls. The relatively recent construction offers investors a newer-generation QSR asset compared with much of the existing Sonic inventory.
• Major Healthcare Demand Generator with 1,500+ Employees: HCA Houston Healthcare Southeast, a 350-bed, full-service hospital located along Spencer Highway, is supported by more than 1,500 employees and 250 physicians. The hospital serves as a significant institutional employment anchor, generating recurring activity from healthcare professionals, patients, and visitors throughout the surrounding trade area.
• High-Visibility Location Along Heavily Traveled Spencer Highway: The property benefits from frontage along Spencer Highway, with nearby published traffic counts indicating ~33,000 VPD. Shaver Street, another major Pasadena arterial, carries ~20,000 VPD, reinforcing the site’s visibility within an established commercial corridor.
• Dense Infill Demographics with 296,775 Residents Within 5 Miles: Updated 2025 demographic estimates indicate 150,374 residents within 3 miles and 296,775 within 5 miles of the property, providing an established residential customer base in the densely developed southeast Houston market.
• Major Petrochemical and Industrial Employment Concentration: Pasadena is strategically positioned near the Houston Ship Channel and Port of Houston, one of the country’s most significant industrial and maritime employment centers. Pasadena Economic Development Corporation has reported ~130 petrochemical plants and 90 related companies within a 14-mile radius, supporting a substantial regional workforce.
• Established Retail Corridor with National Tenant Presence: Spencer Highway serves an established commercial trade area historically featuring Whataburger, McDonald’s, Starbucks, NAPA Auto Parts, national retailers, hotels, and neighborhood service businesses. The surrounding concentration of retail, healthcare, employment, and residential uses supports diverse daily consumer activity.
• Houston, TX MSA Location with Strong Regional Connectivity: Located ~14 miles southeast of downtown Houston, Pasadena benefits from proximity to major regional transportation networks, including Beltway 8, Interstate 45, and State Highway 225. The location connects the property to the broader Houston metropolitan area, surrounding residential neighborhoods and the region’s extensive industrial employment base.
• Established National QSR Brand with Multiple Service Channels: Sonic is one of the nation’s largest drive-in restaurant chains and operates under the Inspire Brands umbrella. Its distinctive combination of drive-in stalls, drive-thru service, mobile ordering, and an extensive beverage and food menu provides multiple customer ordering and service channels throughout the day.

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481