Restaurant
Corp. Sonic w/ Dr-Thru | San Antonio MSA | Long Term Absolute Net Lease | Recent Lease Extension
8134 Kitty Hawk Rd, Converse (San Antonio MSA), TX 78109
Listing Price: $2,260,870
Investment Overview
Converse is a city in Bexar County, Texas, 15 miles northeast of downtown San Antonio and is part of the San Antonio Metropolitan Statistical Area. Greater San Antonio, officially designated San Antonio–New Braunfels, is an eight-county metropolitan area in the U.S. state of Texas defined by the Office of Management and Budget. The metropolitan area straddles South Texas and Central Texas and is on the southwestern corner of the Texas Triangle. The official 2018 U.S. Census estimate showed the metropolitan area’s population at 2,550,960—up from a reported 1,711,103 in 2000—making it the 24th largest metropolitan area in the United States. Austin–Round Rock lies about 80 miles northeast of Greater San Antonio. San Antonio–New Braunfels is the third-largest metro area in Texas, after Dallas–Fort Worth–Arlington and Houston–The Woodlands–Sugar Land. San Antonio–New Braunfels is home to five Fortune 1000 companies. Valero Energy Corp, iHeartMedia, USAA, and NuStar Energy are located in San Antonio. Rush Enterprises is located in New Braunfels.
Corp. Sonic w/ Dr-Thru | San Antonio MSA | Long Term Absolute Net Lease | Recent Lease Extension
Investment Highlights
- Corporate Backed Long Term Absolute Net Lease Featuring 8% Rental Increases Every 5 Years throughout Initial Term and Options. 19+ Year Historical Occupancy.
- Tenant Exercised a 5 Year Option in 2018 as well as a 12 Year Extension in 2022 Demonstrating a Strong Commitment to the Location. This Site Features a Drive-Thru.
- Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 43k Vehicles.
- A Short Drive from The Forum at Olympia Parkway - an Open-Air Shopping Center featuring Numerous Retailers including Costco, Hobby Lobby, TJ Maxx, Ross, Target, Best Buy, The Home Depot, Best Buy, Michaels and many more.
- Adjacent to Walgreens and Across from CVS. Surrounded by Numerous other National Retailers including Walmart Neighborhood Market, H-E-B, Sam's Club, Lowe's, Walmart Supercenter and many more.
- Near Numerous Schools including Northeast Lakeview College (6,000+ Students), Judson High School (2,710+ Students), Judson Early College Academy (500+ Students) and many more.
- Densely Populated and Affluent Area: Features an Average Household Income of $78k+ within a 1-Mile Radius and more than 254k People Residing within a 5-Mile Radius.
- Minutes from Methodist Hospital Northeast - a 207-Bed Facility offering a Full Array of Comprehensive Healthcare Services to Northeast Bexar, Guadalupe and Surrounding Communities. Recently has undergone Significant Renovations. In Close Proximity to Randolph Air Force Base - Home to HQ Air Education and Training Command, Air Force Personnel Center, and 12th Flying Training Wing (4k+ Military Members; 5k+ Dependents; and 5k+ DOD Civilians).
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
Restaurant
Corp. Sonic w/ Dr-Thru | San Antonio MSA | Long Term Absolute Net Lease | Recent Lease Extension
Listing Price: $2,260,870
Investment Highlights
- Corporate Backed Long Term Absolute Net Lease Featuring 8% Rental Increases Every 5 Years throughout Initial Term and Options. 19+ Year Historical Occupancy.
- Tenant Exercised a 5 Year Option in 2018 as well as a 12 Year Extension in 2022 Demonstrating a Strong Commitment to the Location. This Site Features a Drive-Thru.
- Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 43k Vehicles.
- A Short Drive from The Forum at Olympia Parkway - an Open-Air Shopping Center featuring Numerous Retailers including Costco, Hobby Lobby, TJ Maxx, Ross, Target, Best Buy, The Home Depot, Best Buy, Michaels and many more.
- Adjacent to Walgreens and Across from CVS. Surrounded by Numerous other National Retailers including Walmart Neighborhood Market, H-E-B, Sam's Club, Lowe's, Walmart Supercenter and many more.
- Near Numerous Schools including Northeast Lakeview College (6,000+ Students), Judson High School (2,710+ Students), Judson Early College Academy (500+ Students) and many more.
- Densely Populated and Affluent Area: Features an Average Household Income of $78k+ within a 1-Mile Radius and more than 254k People Residing within a 5-Mile Radius.
- Minutes from Methodist Hospital Northeast - a 207-Bed Facility offering a Full Array of Comprehensive Healthcare Services to Northeast Bexar, Guadalupe and Surrounding Communities. Recently has undergone Significant Renovations. In Close Proximity to Randolph Air Force Base - Home to HQ Air Education and Training Command, Air Force Personnel Center, and 12th Flying Training Wing (4k+ Military Members; 5k+ Dependents; and 5k+ DOD Civilians).
Investment Overview
Converse is a city in Bexar County, Texas, 15 miles northeast of downtown San Antonio and is part of the San Antonio Metropolitan Statistical Area. Greater San Antonio, officially designated San Antonio–New Braunfels, is an eight-county metropolitan area in the U.S. state of Texas defined by the Office of Management and Budget. The metropolitan area straddles South Texas and Central Texas and is on the southwestern corner of the Texas Triangle. The official 2018 U.S. Census estimate showed the metropolitan area’s population at 2,550,960—up from a reported 1,711,103 in 2000—making it the 24th largest metropolitan area in the United States. Austin–Round Rock lies about 80 miles northeast of Greater San Antonio. San Antonio–New Braunfels is the third-largest metro area in Texas, after Dallas–Fort Worth–Arlington and Houston–The Woodlands–Sugar Land. San Antonio–New Braunfels is home to five Fortune 1000 companies. Valero Energy Corp, iHeartMedia, USAA, and NuStar Energy are located in San Antonio. Rush Enterprises is located in New Braunfels.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
