Average Sale and Lease Details
| 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:
NASDAQ: 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 |
Recent Closings for Sonic Drive-In and Similar Tenants
