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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