24039 I-10San Antonio, TX 78257

Property Details for 24039 I-10

Year built

2006

Lot size

0.96 AC

Property size (Sq ft)

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.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.6644

Longitude

-98.6296

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].