Sonic | 24039 W Interstate 10
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Sonic 24039 W Interstate 10
5,211 SF Retail Building San Antonio, TX 78257 $2,320,000 ($445/SF) 6.25% Cap Rate
Executive Summary
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
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,211 SF
Building Class
C
Year Built
2006
Price
$2,320,000
Price Per SF
$445
Cap Rate
6.25%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.96 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 16386-001-0120 | Improvements Assessment | $376,920 |
| Land Assessment | $873,080 | Total Assessment | $1,250,000 |
PROPERTY TAXES
Parcel Number
16386-001-0120
Land Assessment
$873,080
Improvements Assessment
$376,920
Total Assessment
$1,250,000
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Sonic | 24039 W Interstate 10
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