Sonic

24039 I-10, San Antonio, TX
Deal Type:
Sale Leaseback
Price:
$2,320,000
Cap Rate:
6.25%
Current Rent:
$145,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
+/- 1,650 SF
Rent Increases:
2.00% Annually
Site Size:
0.96 Acres

Investment Highlights

  • Experienced Operator: Currently operates 41 Sonics
  • Tenant improvements: Tenant will invest $250K into the site
  • Affluent Market: Over $160,000 Average Household Income within 1-Mile
  • Commitment: 15 year NNN sale-leaseback with annual increases throughout
  • Busy Trade Area: Strategically located along a highly-trafficked corridor (near 80,000 VPD on I-10)
  • Retail Corridor: Located nearby national retailers including H-E-B, PNC Bank, Starbucks and Chick-Fil-A

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Kyler Bean TX Lic#: 646910

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