Sonic

Sonic is an absolute-NNN leased single tenant asset located in the high-growth submarket of San Antonio, TX. Benefitting from a strategic location and close proximity to Walmart Supercenter, Lowe’s Home Improvement & H-E-B. The Property is approximately 15 minutes from downtown San Antonio, 10 minutes from San Antonio International Airport & minutes from Alamo Heights. Sonic just signed a brand new 10-year lease through January 2034 on an absolute NNN basis with zero landlord responsibilities. The tenant experiences 10% rent escalations every five years including each of their four, five-year renewal options. Let’s Shake, LLC, the tenant will be investing $250,000 towards remodeling the Property. Sonic benefits from parallel frontage to Austin Highway, highly visible two-sided pylon sign, large 1.33-acre parcel, 33 drive-up kiosks & an outdoor patio.          
   
The Property benefits from its location at the dense retail intersection of Austin Highway and Harry Wurzbach Road with combined traffic counts in excess of 43,300 vehicles per day. The intersection hosts a number of national retailers such as Walmart Supercenter, Lowe’s Home Improvements, H-E-B, Target, Ross, AT&T, Cane’s, Chick Fil a, Wendy’s, McDonald’s among numerous others.