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Net Lease Sonic

Net Lease Sonic Property Profile and Cap Rates

Date September 27, 2020

Net Lease Sonic – Typical Property and Lease Terms

 

Price Range:$1M - $3M
Cap Rate:5.85% - 6.50%
Net Income:$60,000 - $185,000
Price Per foot:$675 PSF - $1,500 PSF
Building Size:1,500 SF - 2,000 SF
Lot Size:1 Acre
Escalations:Varies
Lease Term:15 Years
Lease Type:NNN
Credit Rating:NR

 

Tenant Company Information:

Sonic Corp., more commonly known as Sonic (stylized as SONIC), is the operator of an American drive-in fast-food restaurant chain that is owned by Inspire Brands, the parent company of Arby’s and Buffalo Wild Wings.[4] As of August 27, 2018, 3,606 Sonic restaurants are located in 46 U.S. states. In 2011, it was ranked 10th in QSR Magazine’s rankings of the top 50 quick-service and fast-casual restaurant brands in the nation (moving to 13th for 2015 and 2016).[5] Known for its use of carhops on roller skates, the company annually hosts a competition (in most locations) to determine the top skating carhop in its system.

 

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