About This Restaurant
Investment Highlights
10-Year Sale-Leaseback with 10% Built in Escalations Operator will commit $250,000 towards a store update within 6 months of closing Traffic Driver - Southwest Airlines Call Center Directly Adjacent Absolute Net Lease Operator Guaranteed - Franchisee has Extensive Track Record in the Market Good Visibility - 25,000+ VPD on O'Connor Road & 228,000+ VPD on I-35
Executive Summary
The Sonic (the ?Property?) is a 1,444 square foot retail property located at 11725 O?Connor Road in San Antonio, Texas. The Property is a standalone restaurant and is positioned mid-block on O?Connor Road. The Property was constructed in 1999 and is currently in operation. Population within 3 miles of the Property is over 111,000 with over 25,400 cars passing the property daily. Upon execution, a new 10-year lease will be signed and guaranteed by the operator. The operator will commit $250,000 towards a store update within 6 months of closing.
Property Details
- Sale Type Investment NNN
- Sale Condition Sale Leaseback
- Property Type Retail
- Property Subtype Fast Food
- Building Size 1,444
- Building Class C
- Year Built 1999
- Price 2,416,667
- Price Per SF 1,674
- Cap Rate 6
- NOI 145,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 0.64 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Pylon Sign
- Air Conditioning
Property Taxes
| Parcel Number | 15911-001-0270 | Improvements Assessment | $456,290 |
| Land Assessment | $493,710 | Total Assessment | $950,000 |
| Date Created: | 2024-07-16 04:23:40 | Last Updated: | 2024-07-16 04:23:40 |
| Address: | 11725 O'connor Rd , San Antonio, Texas, 78233 | ||