About This Restaurant
Investment Highlights
Historical Occupancy ? Sonic has operated at this location for 20 years and recently invested over $250,000 in a remodel Densely Populated and Affluent Trade Area ? over 122,000 residents within 3 miles with an average household income over $92,000 Located across Culebra Road from Walmart Supercenter and HEB Grocery, providing steady traffic flow of retail customers Tenured and Successful Operator ? Sonic?s lease will be guaranteed by Let?s Shake, LLC ? an experienced 41-unit franchisee with a proven track record Strong Traffic / Excellent Visibility ? located on Culebra Road (33,212 VPD), a highly trafficked east/west retail corridor
Executive Summary
Long-term Absolute NNN lease ? 15 year lease with zero landlord responsibilities Inflation Protection - Rent is scheduled to increase 10% every five years, including Options
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 1,436
- Building Class B
- Year Built/Renovated 2006/2023
- Price 2,415,000
- Price Per SF 1,682
- Cap Rate 6
- NOI 145,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.04
- Land Acres 0.86 AC
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 17639-000-0136 | Improvements Assessment | $543,190 |
| Land Assessment | $556,810 | Total Assessment | $1,100,000 |
| Date Created: | 2024-07-16 04:23:41 | Last Updated: | 2024-07-16 04:23:41 |
| Address: | 9424 W FM 471 , San Antonio, Texas, 78251 | ||