Sonic Drive-In

Average Sale and Lease Details

Price Range 12mo avg: $1.26M – $2.9M
$/sf 12mo avg: $958
CAP Rate 12mo avg: 6.32%
NOI average: $115,723
Lease Terms: 15yrs
Typical Lease Type: NNN
Building Size avg: 1,800 SF
Lot Size avg: 1+/- acres

About Sonic Drive-In

Headquartered in Oklahoma City, OK, SONIC®, America’s Drive-In®, is the nation’s largest chain of drive-in restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day. Over the past 60 years, SONIC has delighted guests with signature menu items, more than 1 million drink combinations, friendly service by iconic Carhops and ongoing support of education through its award-winning Limeades for Learning® program. SONIC received top honors as America’s “#1 burger quick service restaurant” in the 2013 Temkin Experience Ratings report.

SONIC’s award-winning menu offers a variety of unique menu items made after you order. Menu items include TOASTER® Sandwiches (made with thick Texas toast), Footlong Quarter Pound Coneys, handmade Onion Rings that are sliced, breaded and cooked fresh daily, Tots and a plethora of drink and dessert choices, such as our signature Cherry Limeades, featuring a sweet touch of cherry to a delicious lime thirst quencher. With the addition of freshly brewed Green Iced Tea and five new flavor mix-ins, SONIC now has more than 1 million drink combinations, making it Your Ultimate Drink Stop!®

 


 

NASDAQ: SONC

SONC
(%)

Annual Reports

Sonic Drive-In Financial Highlights

S&P Credit Rating: N/A+
Moody’s Credit Rating: N/A1
Annual Revenue 2015: $606.09M
Annual Revenue 2014: $552.35M
Revenue Growth: 9.28 2014
Net Income $64.49M
Units (Aug. 2015) 3,526
Average Units Volume: $171.9K

Recent Closings for Sonic Drive-In and Similar Tenants

Net Leased Sonic Drive-In Restaurants

Sonic Drive-In

Austin MSA, TX