24039 I-10 San Antonio, TX 78257
Property Lookup
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 24039 I-10
- Year built
- 2006
- Lot size
- 0.96 lot acres
- Property size
- 1,650 SF
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 1,650 square foot Sonic restaurant located at 24039 I-10 in San Antonio, Texas. The property boasts a 15-year absolute NNN sale-leaseback agreement with a strong franchisee operator currently managing 41 Sonic locations. The lease features a 6.25% cap rate and a substantial $145,000 annual net operating income (NOI), with 2% annual rent bumps. The property sits on a 0.96-acre lot and was built in 2006. The tenant is committed to a significant $250,000 investment in property improvements. This location benefits from its strategic placement along a high-traffic corridor of I-10 (near 80,000 vehicles per day), and is situated in an affluent area with an average household income exceeding $160,000 within a one-mile radius. The lease includes four, five-year renewal options, ensuring long-term stability and predictable cash flow. The asking price is $2,320,000, translating to a price per square foot of $1,406.06. The property is currently 100% occupied. Nearby national retailers include H-E-B, PNC Bank, Starbucks, and Chick-fil-A, further enhancing the location's desirability and potential for continued success. This is a rare opportunity to acquire a well-established, high-performing QSR property with a secure, long-term lease.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.6296
- Latitude
- 29.6644
