Sonic - San Antonio, TX (Valley Hi Drive) | 351 Valley Hi Dr
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Sonic - San Antonio, TX (Valley Hi Drive) 351 Valley Hi Dr
1,304 SF Retail Building San Antonio, TX 78227 $2,320,000 ($1,779/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
- Located Across the Street From H-E-B Plus (97,000 SF) on a Hard Signalized Corner With Multiple Access Points
- 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
- Long-Term 27-Year Occupancy History Proving Sonic's Staying Power
Executive Summary
Sands Investment Group is Pleased to Present Exclusively For Sale the Sonic Located at 351 Valley Hi Drive 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
1,304 SF
Year Built
1997
Price
$2,320,000
Price Per SF
$1,779
Cap Rate
6.25%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
0.83 AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Sonic America’s Drive- In
- Accommodation and Food Services
- 1,304 SF
- $111.20
- Jul 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Sonic America’s Drive- In | Accommodation and Food Services | 1,304 SF | $111.20 | Jul 2034 |
PROPERTY TAXES
| Parcel Number | 15178-001-0180 | Improvements Assessment | $3,283,700 |
| Land Assessment | $166,300 | Total Assessment | $3,450,000 |
PROPERTY TAXES
Parcel Number
15178-001-0180
Land Assessment
$166,300
Improvements Assessment
$3,283,700
Total Assessment
$3,450,000
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Jordan Mulloy -
Will Schuhmacher -
Max Freedman -
Sands Investment Group Austin, LLC
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Sonic - San Antonio, TX (Valley Hi Drive) | 351 Valley Hi Dr
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