Sonic Drive-In | Absolute Triple Net (NNN) Lease
$2,046,154
7902 Culebra Road, San Antonio, TX 78251
For Sale
Retail
Restaurant
Active
Last Updated: 06/14/2021
6.5
Cap Rate
133,000
NOI
Details:
Cap Rate: 6.5%
NOI: $133,000
Building Size: 1,235 sqft
Lot Area: 0.54 acres
Lease Type: Absolute Net
Year Built: 1990
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility
Highlights:
- Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Strong Guarantee From an Experienced 47-Unit Operator
- Recent 5-Year Extension Shows Tenant Commitment to the Site
- Situated on a High Traffic Retail Corridor With an Average Traffic Count of 52,448 VPD
- Excellent Demographics With a Population Of Over 122,610 Residents Making an Average Household Income of $66,819 Within a 3-Mile Radius
- Less Than 5-Miles to the Ingram Park Mall That Includes National Retailers Such as Dillard’s, Macy’s, JCPenney and the Disney Store
- Just 5 Minutes From the Ingram Park Business District That Includes CVS Call Center, FedEx Ground, Baker Distributing Co, Aspen Beverage Group, Several Car Dealerships and Supply Stores
- Nearby Tourist Attractions Include: SeaWorld (15 Minutes – Over 4.6 Million Visitors); San Antonio Zoo (21 Minutes – Over 1 Million Visitors); Six Flags Fiesta Texas (25 Minutes – Over 1 Million Visitors)
- San Antonio, TX is the 7th Most Populous City in the U.S. With Over 1.5 Million Residents; It is Home to the Alamo, River Walk, Tower of the Americas, the Alamo Bowl and Numerous Armed Forces Facilities
- Texas is a State Income Tax Free State
- Nearby Tenants Include: Papa John’s, Walgreens, Dairy Queen, McDonald’s, Dollar General, O’Reilly Auto Parts, Take 5 Oil Change, CVS Pharmacy and More
Description:
Sands Investment Group is Pleased to Present Exclusively For Sale the 1,235 Sonic Drive-In Located at 7902 Culebra Road in San Antonio, TX. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706
Documents:
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Offering Memorandum |
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