10831 Potranco Rd
San Antonio, TX 78251
SONIC (Corporate Guarantee) · Retail Property For Sale

The subject offering affords investors the rare opportunity to acquire a corporately guaranteed Sonic that is strategically located in one of the fastest growing markets in the country. Built to suit in 1998, the subject property has successfully operated as a Sonic for two full decades and as a continued demonstration of commitment to this site, the tenant recently exercised their first five-year option with zero landlord concessions. There are now over five years of firm term remaining on the absolute net lease, with one additional five-year option period that extends through 2033. The subject store performs well above national averages for Sonic and most recently posted $1,550,491 in sales for the 2017 calendar year. Base Rent in the option period is set at 6.50% rent to sales of it's most recent lease year's performance and there is additional percentage rent upside for all months that the unit post gross sales better than the 6.50% threshold. Strategically located directly off of San Antonio’s highly trafficked Loop 1604, this Sonic benefits from exceptional retail synergy produced by neighboring tenants such as, but not limited to: Academy Sports, Walmart, Kohl’s, and HEB (which is directly across the street). Notably, the property is also situated with one-half mile of two elementary schools and is approximately one mile from Sea World – a 250 acre park that hosts nearly 3 Million visitors annually.