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 $3,288,414 CAD ($2,179 CAD/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
$3,288,414 CAD
Price Per SF
$2,179 CAD
Cap Rate
6.25%
NOI
$205,526 CAD
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
- $136.20 CAD
- Jul 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Sonic America’s Drive- In | Accommodation and Food Services | 1,509 SF | $136.20 CAD | Jul 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 18218-010-0090 | Improvements Assessment | $566,611 CAD |
| Land Assessment | $702,299 CAD | Total Assessment | $1,268,910 CAD |
PROPERTY TAXES
Parcel Number
18218-010-0090
Land Assessment
$702,299 CAD
Improvements Assessment
$566,611 CAD
Total Assessment
$1,268,910 CAD
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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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