Net Leased Sonic Drive-In Restaurants – Texas Market Sold

Net Leased Sonic Drive-In Restaurants

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

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About Sonic Drive-In

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.

FUN FACTS

In one year, SONIC:

  • sells enough tots that when placed end-to-end would circle the globe…TWICE
  • sells enough Footlong Quarter Pound Coneys to border the 48 contiguous United States
  • sells enough Cherry Limeades to fill more than 15 Olympic sized swimming pools
  • gives away enough mints to reach the top of the Empire State Building and back to the ground…5000 times.
https://www.sonicdrivein.com

See more about Sonic Drive-In including average trading prices, lease details and cap rates.

KW Net Lease Advisors