351 Vly Hi Dr San Antonio, TX 78227-4601
Property profile & analytics
351 Vly Hi Dr San Antonio, TX 78227-4601
- Drive through restaurants
- 1,304 SF
- 0.83 lot acres
Property ID
US82-3853446
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sonic Drive-In / Restaurant / Take-out & Catering
Property Details for 351 Vly Hi Dr
- Year built
- 1997
- Lot size
- 0.83 lot acres
- Property size
- 1,304 SF
- Property type
- Drive through restaurants
- APN
- 15193-031-0170
- APU
- 151930310170
Description
This exceptional investment opportunity presents a 1,304 square foot Sonic Drive-In restaurant located at 351 Valley Hi Dr, San Antonio, TX 78227. The property sits on a 0.83-acre lot and 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 tenant, a proven operator, plans a significant remodel post-closing. The lease includes a 10% rent increase every five years, providing a hedge against inflation. The current annual net operating income (NOI) is $145,000, resulting in a 6.25% cap rate and a price per square foot of $1,779.14. The property benefits from its high-visibility location off Highway 410, with over 60,000 vehicles passing daily, and its proximity to Lackland Air Force Base and Sam Rayburn Middle School. The surrounding area features strong demographics, including a 5-mile population of 197,923 and an average household income of $61,971. The property's strategic location is further enhanced by its adjacency to a large H-E-B grocery store and other national retailers. Built in 1997, this property offers a secure, long-term investment opportunity in a rapidly growing area of San Antonio, Texas, a state with no income tax. The property has a 100% occupancy rate and a 27-year history of occupancy, demonstrating the Sonic brand's staying power in this location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.6381
- Latitude
- 29.3822
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,096
$542,970
$332,030
$875,000
-
$542,970
$332,030
$875,000
