24039 I-10 San Antonio, TX 78257

Property Details for 24039 I-10

Year built

2006

Lot size

0.96 lot acres

Property size

1,650 SF

Property type

Retail properties

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.