Austin MSA, TX (August 13, 2015) –
3 Net Leased Sonic Drive-In Restaurants – Austin MSA, TX were sold for an undisclosed amount.
The buyer was represented by Branson Blackburn of KW Net Lease Advisors, a Texas based investment real estate brokerage & advisory firm, and the seller was represented by Jimbo Cotton with McAllister & Associates
Founded in 1953 in Shawnee, Oklahoma, Sonic today franchises and operates the largest chain of drive-in restaurants in the country, with almost 3,600 Sonic Drive-Ins from coast to coast. Customers also enjoy drive-thru service and patio dining at many Sonic locations.
Sonic’s signature food items include specialty drinks (such as cherry limeades and slushes), ice cream desserts, made-to-order cheeseburgers, chicken entrees ranging from sandwiches to boneless wings, a variety of hot dogs including six-inch premium beef hot dogs and footlong quarter-pound coneys, hand-made onion rings and tots. Sonic Drive-Ins also offer breakfast items that include a variety of breakfast burritos and serve the full menu all day.
In one year, SONIC:
See more about Sonic Drive-In including average trading prices, lease details and cap rates.