Sonic - San Antonio, TX (TPC Pkwy) | 3035 Tpc Pky
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Sonic - San Antonio, TX (TPC Pkwy) 3035 Tpc Pky
1,509 SF Retail Building San Antonio, TX 78259 $2,320,000 ($1,537/SF) 6.25% Cap Rate
Investment Highlights
- Long Term 10-Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Proven Commitment - Franchisee Planning Significant Remodel Post Close; Inquire For More Information
- Long Term 15-Year Occupancy History With Strong Retail Synergy - Down the Street From Target, Sam's Club, Alamo Drafthouse Etc.
- SSCP is an Award-Winning Operator and Restaurant Leader With Over 500 Locations Across 5 Concepts (41-Unit Guaranty)
- Healthy Hedge Against Inflation With 10% Rent Increases Every 5 Years
- Up and Coming Area With New Commercial and Residential Developments Surrounding Sonic Property
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale a 1,509 SF Sonic Located at 3035 TPC Pkwy in San Antonio, TX. This Deal Includes a Long Term 10-Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,509 SF
Building Class
B
Year Built
2010
Price
$2,320,000
Price Per SF
$1,537
Cap Rate
6.25%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
0.75 AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Sonic America’s Drive- In
- Accommodation and Food Services
- 1,509 SF
- $96.09
- Jul 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Sonic America’s Drive- In | Accommodation and Food Services | 1,509 SF | $96.09 | Jul 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 18218-010-0090 | Improvements Assessment | $401,880 |
| Land Assessment | $498,120 | Total Assessment | $900,000 |
PROPERTY TAXES
Parcel Number
18218-010-0090
Land Assessment
$498,120
Improvements Assessment
$401,880
Total Assessment
$900,000
-
Jordan Mulloy -
Will Schuhmacher -
Max Freedman -
Sands Investment Group Austin, LLC
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Sonic - San Antonio, TX (TPC Pkwy) | 3035 Tpc Pky
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