351 Vly Hi Dr San Antonio, TX 78227-4601

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.