Net Lease Sonic Drive-In | KW Net Lease Advisors

Average Sale and Lease Details

www.sonicdrivein.com

Price Range 12mo avg:	$1.10M – $1.34M
$/sf 12mo avg:	$811.65
CAP Rate 12mo avg:	6.13%
NOI average:	$72700
Lease Terms:	20yrs
Typical Lease Type:	NNN
Building Size avg:	1500 SF
Lot Size avg:	1+/- acres

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.

NASDAQ: SONC

SONC

(%)

Annual Reports

Sonic Drive-In Financial Highlights

S&P Credit Rating:	N/A+
Moody’s Credit Rating:	N/A1
Annual Revenue 2017:	$477.3M
Annual Revenue 2016:	$606.3M

Revenue Growth:	↓ 23.8 2016
Net Income	$63.66M
Units (Oct. 2017)	3593
Average Units Volume:	$132.8K

Yahoo! Finance: SONC News Latest Financial News for SONC

See what the IHS Markit Score report has to say about Sonic Corp.

on December 10, 2018 at 1:01 pm

The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising. […]
Sonic sold to Arby's parent company for $2.3 billion

on December 7, 2018 at 11:11 pm

OKLAHOMA CITY (AP) — Shareholders have approved the sale of drive-in burger chain Sonic to the parent company of Arby's in a $2.3 billion merger. […]
Sonic adds low-calorie chili to the menu

on December 7, 2018 at 2:07 pm

Sonic Corp. said has launched a Hearty Chili Bowl that starts at 140 calories and offers a full serving of vegetables for $2.49. Diners can add Fritos, shredded cheese and onions for $2.99. Sonic's menu includes chili cheese hot dogs, the Fritos Chili Cheese Jr. Wrap, and Fritos Chili Pie. Sonic shares have gained 58.3% for the year to date while the S&P 500 index is up 0.8% for the period. […]
Universal Display Set to Join S&P MidCap 400 and Nabors Industries to Join S&P SmallCap 600

on December 4, 2018 at 11:07 pm

NEW YORK , Dec. 4, 2018 /PRNewswire/ -- S&P MidCap 400 constituent Nabors Industries Ltd. (NYSE: NBR) will replace Sonic Corp. (NASD: SONC) in the S&P SmallCap 600, and Universal Display Corp. (NASD: OLED) ... […]
Jack in the Box's stock already at 'full valuation' amid reports of potential sale, analyst says

on November 30, 2018 at 12:21 pm

Wedbush analyst Nick Setyan cautioned Jack in the Box Inc. investors not to get too excited about a Reuters report Thursday that the fast-food burger chain was exploring a sale, given that the stock is "already at a relatively full valuation." The stock shot up 5.9% on Thursday on the report to close at a 3-month high. Setyan said he believes there is an push by activist investors to explore a sales, given the premium Inspire Brands paid to buy drive-in fast-food chain Sonic Corp. , which sent the stock up 19% to a record high on Sept. 25. Setyan said Jack is different than Sonic in several ways, including Sonic had just exited a multi-year capital-expenditure cycle while Jack is just entering one; Jack is "arguably the laggard" in technology investments while Sonic's was ahead of the game and Jack's same-store sales growth continues to decelerate while Sonic's was accelerating into the buyout deal. Setyan reiterated his neutral rating and $85 stock price target, which is 4% below Monday's close. The stock has shed 9.8% year to date, while the S&P 500 has gained 2.4%. […]

Recent Closings for Sonic Drive-In and Similar Tenants

Sonic Drive-In

Austin MSA, TX

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Sonic Drive-In

Average Sale and Lease Details

About Sonic Drive-In

NASDAQ: SONC

Annual Reports

Sonic Drive-In Financial Highlights

Recent Closings for Sonic Drive-In and Similar Tenants

Sonic Drive-In

Austin MSA, TX

Texas Real Estate Commission Information About Brokerage Services Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice