3035 Tpc Pkwy San Antonio, TX 78259-2404

Property Details for 3035 Tpc Pkwy

Year built

2010

Lot size

0.75 lot acres

Property size

1,641 SF

Property type

Drive through restaurants

APN

18218-010-0090

APU

182180100090

Description

This exceptional investment opportunity presents a 1,509 square foot Sonic Drive-In restaurant located at 3035 TPC Parkway in San Antonio, Texas. The property boasts a strong 10-year absolute triple-net (NNN) lease, commencing July 1, 2024, and expiring July 1, 2034, with four 5-year renewal options. The franchisee, an award-winning operator with over 500 locations across five concepts, is backed by a 41-unit guaranty, ensuring financial stability. The lease includes a 10% rent increase every five years, providing a hedge against inflation. The property sits on a 0.75-acre lot and was built in 2010. The current annual net operating income (NOI) is $145,000, representing a 6.25% cap rate on the $2,320,000 asking price. The property benefits from excellent location within a high-growth area, enjoying strong retail synergy with nearby national retailers such as Target, Sam's Club, and H-E-B, as well as significant foot traffic due to its proximity to Johnson High School (3,210 students). The surrounding area demonstrates robust demographics, with a 3-mile population of 69,395 and an average household income of $124,304. Furthermore, the franchisee is planning a significant post-closing remodel, enhancing the property's long-term value. This is a rare opportunity to acquire a well-performing, established QSR in a thriving Texas market with built-in growth potential. The property's location near the TPC San Antonio golf course and its proximity to new commercial and residential developments further solidify its investment appeal. San Antonio's consistent year-over-year growth, coupled with Texas's income tax-free status, makes this a compelling investment proposition.