Filters

30 Properties

    Current Status *

    Current Status Required
  • Ownership

  • Lease Type


  • Region

    State

    City / Metro



  • Property Type

  • Tenant Type

    Tenant Name

  • Total # Tenants


  • Lease Guarantor




loader
Join

30 Properties

Save Search

$ 950,000

Sonic

Fast Casual/Rest.  

Cap Rate 5.15% | SF 1,376 | Term 3.90
Pensacola, FL 32504
  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Over 2000 units backed

  • Corporate Guarantee

  • ...
  • Sonic operating at this location for about 30 years

  • Absolute NNN lease with tenant responsible for roof and structure

  • Lease runs through July 2029 with 3.8 years remaining

  • No renewal options remaining on current lease

  • Annual rent $48,893 significantly below market rate

  • 1,376 SF building on 0.65 acre lot

  • Strong traffic count of 27,500 vehicles daily on N 9th Ave

  • Surrounded by major national retailers and Pensacola State College nearby

  • Tenant Sonic
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.


Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,110,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.25% | SF 1,622 | Term 9.20
Ashland, VA 23005
  • Signalized intersection

  • Hard corner intersection

  • Major thoroughfare

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Over 2000 units backed

  • 100+ unit franchisee backed

  • ...
  • Sonic Drive-In built in 2009 with long-term operating history in Ashland VA

  • Absolute NNN lease with tenant responsible for all expenses including roof and structure

  • Lease runs through November 2034 with four five-year renewal options

  • 1.5% annual rent increases provide steady income growth for investors

  • Operated by Saja Restaurant Group, a top Sonic franchisee with 150+ locations

  • Prime hard corner location at Sliding Hill Road and Washington Highway near I-95

  • Five-mile trade area includes 90,375 residents with $126,733 average household income

  • Offered at $2,110,000 with NOI of $131,880 and 6.25% cap rate

  • Tenant Sonic
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.


Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 1,617,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.50% | SF 1,273 | Term 7.1
Waynesboro, TN 38485
  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Highway location

  • Strong tenant synergy

  • Income tax free state

  • Long operation history

  • Absolute NNN

  • Over 2000 units backed

  • 100+ unit franchisee backed

  • ...
  • Established Sonic Drive-In operating since 2009 with long-term tenancy

  • Absolute NNN lease with tenant responsible for all property expenses

  • 23 year lease term running through January 2033

  • Current NOI $105,134 including base rent and percentage rent from sales

  • Two 5 year renewal options available beyond primary lease term

  • 1,273 SF building situated on a 1 acre parcel

  • Located along Dexter L Woods Memorial Blvd with 9,980 vehicles per day

  • Five mile trade area population 4,574 with average household income $69,720

  • Tenant Sonic
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.


Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 1,874,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.50% | SF 1,490 | Term 7.1
Hazel Green, AL 35750
  • Oversized lot

  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Over 2000 units backed

  • 100+ unit franchisee backed

  • ...
  • Established Sonic Drive-In operating since 2009 under Absolute NNN lease

  • 23 year lease term extending through January 2033 with tenant responsibility

  • Current NOI $121,818 including base rent and percentage rent from sales

  • Two 5 year renewal options available beyond primary lease term

  • 1,490 SF building on oversized 1.6 acre parcel with drive-in layout

  • Positioned on U.S. Highway 231/431 with 27,408 vehicles per day

  • Surrounded by Walmart Lowe’s Walgreens McDonald’s CVS Dollar General and Taco Bell

  • Five mile trade area population 22,416 with average household income $108,681

  • Tenant Sonic
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.


Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,620,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.00% | SF 1,225 | Term 7.30
Dickson, TN 37055
  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • 100+ unit franchisee backed

  • Top franchise operator

  • ...
  • Established Sonic Drive-In operating at this location since 2009

  • Absolute NNN lease with tenant responsible for all expenses

  • 23 year lease term running through January 2033

  • Current annual rent $157,170 including base and percentage rent

  • Two 5 year renewal options available beyond primary term

  • 1,225 SF building on 0.99 acre lot with drive-in layout

  • Positioned along Highway 46 near I-40 with 66,000+ combined vehicles daily

  • Five mile trade area population 18,239 with average household income $88,886

  • Tenant Sonic
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.


Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,112,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.25% | SF 1,526 | Term 19.0
Delta, CO 81416
  • In location for years

  • Dense retail corridor

  • WalMart out-parcel

  • Shopping Ctr out-parcel

  • Hospital close

  • Highway close

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Brand new 20-year sale leaseback with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 1
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,083,333

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.00% | SF 1,246 | Term 18.12
Blairsville, GA 30512
  • New construction

  • Dense retail corridor

  • Near major nationals

  • Affluent suburb location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Over 2000 units backed

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Brand new 2024 construction
  • New 20-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Sonic Drive-In
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,518,519

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.75% | SF 1,576 | Term 18.5
Taylorville, IL 62568
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Personal guarantee

  • ...
  • Brand-new 2024 construction
  • Sonic Drive-In has 19+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 1.5% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Guernsey Holdings (13 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 13
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,335,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 4.73% | SF 1,496 | Term 4.3
Vernal, UT 84078
  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Strategically located

  • Highway location

  • Affluent suburb location

  • Long operation history

  • Absolute NNN

  • Personal guarantee

  • ...
  • Sonic Drive-In has 5+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 1
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

 

...

$ 1,442,283

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.00% | SF 1,781 | Term 11.0
West Columbia, TX 77486
  • Build to suit

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Income tax free state

  • Strong sales history

  • Absolute NNN

  • Long 10+ yr lease

  • Limited competition

  • 50+ unit franchisee backed

  • ...
  • Sonic Drive-In has 12+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Emerge, Inc. (54 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 54
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 1,991,750

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.00% | SF 1,781 | Term 11.0
Texas City, TX 77590
  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Income tax free state

  • Strong sales history

  • Absolute NNN

  • Long 10+ yr lease

  • 50+ unit franchisee backed

  • ...
  • Sonic Drive-In has 12+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Emerge, Inc. (54 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 54
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 1,961,333

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.00% | SF 1,522 | Term 11.0
Brazoria, TX 77422
  • Near major nationals

  • Strategically located

  • Highway location

  • Top 100 MSA

  • Affluent suburb location

  • Income tax free state

  • Strong sales history

  • Absolute NNN

  • Long 10+ yr lease

  • 50+ unit franchisee backed

  • ...
  • Sonic Drive-In has 12+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Emerge, Inc. (54 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 54
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,488,117

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.00% | SF 1,518 | Term 11.0
Lake Jackson, TX 77566
  • Build to suit

  • Dense retail corridor

  • Highway location

  • Strong tenant synergy

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • 50+ unit franchisee backed

  • ...
  • Sonic Drive-In has 12+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Emerge, Inc. (54 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 54
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 1,772,727

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 5.50% | SF 1,144 | Term 14.0
Pasadena, TX 77505
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Store sales reported

  • Absolute NNN

  • 50+ unit franchisee backed

  • ...
  • Brand-new 15-year lease to commence upon close of escrow with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Emerge, Inc. (54 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 54
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 1,302,583

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.00% | SF 1,712 | Term 11.0
Freeport, TX 77541
  • Hard corner intersection

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strong tenant synergy

  • Top 100 MSA

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • 50+ unit franchisee backed

  • ...
  • Sonic Drive-In has 12+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Emerge, Inc. (54 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 54
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 0 |$ 1,657,150

Sonic Drive-In

Fast Casual/Rest.  

| 6.00% | SF 1,596 | Term 11.0
Sweeny, TX 77480
  • Build to suit

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Income tax free state

  • Store sales reported

  • Absolute NNN

  • Long 10+ yr lease

  • Limited competition

  • 50+ unit franchisee backed

  • ...
  • Sonic Drive-In has 12+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Emerge, Inc. (54 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 54
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,320,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.25% | SF 1,509 | Term 8.6
San Antonio, TX 78259
  • Build to suit

  • In location for years

  • Near major nationals

  • Strong tenant synergy

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • 25+ unit franchisee backed

  • ...
  • Sonic Drive-In has been operating in this location for over 25 years
  • The tenant recently executed a 10-year lease extension with 4 (5-year) options
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by SSCP (41 units backed)
  • Proven commitment - Franchisee planning significant remodel post close | Inquire for more information
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 41
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,320,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.25% | SF 1,304 | Term 8.6
San Antonio, TX 78227
  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • 25+ unit franchisee backed

  • ...
  • Sonic Drive-In has been operating in this location for over 25 years
  • The tenant recently executed a 10-year lease extension with 4 (5-year) options
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by SSCP (41 units backed)
  • Proven commitment - Franchisee planning significant remodel post close | Inquire for more information
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 41
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 1,483,636

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 5.50% | SF 1,215 | Term 13.12
Houston, TX 77093
  • Build to suit

  • In location for years

  • Dense retail corridor

  • Freeway visibility

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • 50+ unit franchisee backed

  • ...
  • Sonic Drive-In has been operating in this location for over 30 years
  • Brand new 15-year lease with 4 (5-year) options to extend at the close of escrow
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by EMERGE! INC. (54 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 54
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,320,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.25% | SF 1,650 | Term 14.0
San Antonio, TX 78257
  • High traffic 50M+ VPD

  • Freeway visibility

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • 25+ unit franchisee backed

  • ...
  • New 15-year sale-leaseback with 4 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term an option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Let's Shake, LLC (41 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 41
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,407,917

Sonic Drive-In

Fast Food/QSR  

Cap Rate 6.00% | SF 1,227 | Term 18.9
Penitas, TX 78576
  • New construction

  • Near major nationals

  • WalMart out-parcel

  • Highway location

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • Brand-new 2024 construction
  • New 20-year lease with 2 (5-year) options to extend
  • The lease features 7.5% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Crush TX, LLC (19 units backed)
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 19
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 2,575,000 |$ 2,773,913

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.19% | 5.75% | SF 1,690 | Term 11.11
Key West, FL 33040
  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • Strong tenant synergy

  • Affluent AHHI $100K 5 Mi

  • Income tax free state

  • Absolute NNN

  • Personal guarantee

  • ...
  • Sonic has over 13 years remaining on its original 20-year lease with 4 (5-year) renewal options
  • The lease features 10% rental increases every 5 years throughout the base term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Personal guarantee
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 1
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

 

...

$ 2,038,500 |$ 2,120,000

Sonic Drive-In (GL)

Fast Casual/Rest.  

Cap Rate 6.50% | 6.25% | SF 1,200 | Term 13.0
Fayetteville, GA 30214
  • New construction

  • Near major nationals

  • Shopping Ctr out-parcel

  • Highway location

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • Brand-new 2024 construction
  • Sonic recently executed a brand-new 15-year ground lease with 4 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Sonic Drive-In
  • Guarantor Corp Rated
  • #Units 3,514
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts, and Buffalo Wild Wings. Sonic's menu consists of hamburgers, french fries, onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,500 Sonic restaurants are in 47 US states. Sonic has operated since the early 1950s, and before its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in the Fall of 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.


Inspire Brands, Inc. is a privately held holding company and the world's 2nd largest restaurant owner and franchisor. Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings in early 2018. Inspire Brands is majority-owned by affiliates of Roark Capital Group, a private equity firm. Roark’s focus is consumer, multi-unit, and franchise brands. Roark Capital Group has over $33B in assets. The Inspire Brands family of restaurants includes Rusty Taco, Sonic, Jimmy John’s, Mister Donut, Baskin-Robbins, and Dunkin Donuts. Inspire manages over 32,600 restaurants, and 650,000 company and franchise members, and has over $32.5B in global system sales. Inspire Brands and Roark Capital are headquartered in Sandy Springs, GA.

...

$ 1,810,000 |$ 1,886,457

Sonic (GL)

Fast Casual/Rest.  

Cap Rate 6.62% | 6.35% | SF 2,450 | Term 2.3
Irving, TX 75039
  • In location for years

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Income tax free state

  • Long operation history

  • Absolute NNN

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Sonic has been operating in this location sine 2008
  • Tenant has over 4 years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN ground lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Sonic
  • Guarantor Corp Rated
  • #Units 3,551
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts and Buffalo Wild Wings. Sonic's menu consists of hamburgers and french fries, as well as onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,550 Sonic restaurants are located in 46 US states. Sonic has operated since the early 1950’s, and prior to its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in Fall 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc., is the 2nd largest restaurant company in the world. It was founded in 2018, following Arby’s Restaurant Group’s acquisition of Buffalo Wild Wings (and their subsidiary Rusty Taco) for $2.9B. In that first year, Inspire Brands included more than 4,600 company-owned and franchised restaurants with more than 150,000 team members across 15 countries. Today, the privately-held company now has a portfolio of distinct, highly-valued brands such as Sonic, Arby’s, Baskin-Robbins, Buffalo Wild Wings, Jimmy John's, and Dunkin’ Donuts. They manage over 32,000 restaurants, 650,000 company and franchise members, and have over $30B in global system sales. Inspire Brands is headquartered in Sandy Springs, GA.

...

$ 2,323,500 |$ 2,367,619

Sonic (GL)

Fast Casual/Rest.  

Cap Rate 5.35% | 5.25% | SF 1,582 | Term 9.2
Yuba City, CA 95991
  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Strong tenant synergy

  • Strong demographics

  • Low rent to sales ratio

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

  • Credit rated company

  • ...
  • Sonic has over 11-years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Pacific Drive-Ins
  • Tenant Sonic Drive-In
  • Guarantor Corporate
  • #Units 14
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts and Buffalo Wild Wings. Sonic's menu consists of hamburgers and french fries, as well as onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,550 Sonic restaurants are located in 46 US states. Sonic has operated since the early 1950’s, and prior to its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3B in Fall 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc., is the 2nd largest restaurant company in the world. It was founded in 2018, following Arby’s Restaurant Group’s acquisition of Buffalo Wild Wings (and their subsidiary Rusty Taco) for $2.9B. In that first year, Inspire Brands included more than 4,600 company-owned and franchised restaurants with more than 150,000 team members across 15 countries. Today, the privately-held company now has a portfolio of distinct, highly-valued brands such as Sonic, Arby’s, Baskin-Robbins, Buffalo Wild Wings, Jimmy John's, and Dunkin’ Donuts. They manage over 32,000 restaurants, 650,000 company and franchise members, and have over $30B in global system sales. Inspire Brands is headquartered in Sandy Springs, GA.

...

$ 2,024,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.00% | SF 1,273 | Term 7.1
Waynesboro, TN 38485
  • Build to suit

  • In location for years

  • Major thoroughfare

  • Dense retail corridor

  • Strategically located

  • Hospital close

  • Strong tenant synergy

  • Income tax free state

  • Absolute NNN

  • Publicly traded company

  • ...
  • Sonic Drive-in has over 8+ years remaining on thier current lease with 2 (5-year) options to extend
  • Monthly base rent is the greater of $6,500 or 7% of net monthly sales
  • Absolute NNN lease | Zero landlord responsibilities
  • Personal guarantee from experienced operator with 32 units
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 32
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts and Buffalo Wild Wings. Sonic's menu consists of hamburgers and french fries, as well as onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,550 Sonic restaurants are located in 46 US states. Sonic has operated since the early 1950’s, and prior to its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3 billion in Fall 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc., is the 2nd largest restaurant company in the world. Inspire Brands was founded in 2018, following Arby’s Restaurant Group’s acquisition of Buffalo Wild Wings (and their subsidiary Rusty Taco) for $2.9B. In that first year, Inspire Brands included more than 4,600 company-owned and franchised restaurants with more than 150,000 team members across 15 countries. Today, the privately-held company now has a portfolio of distinct, highly-valued brands such as Sonic, Arby’s, Baskin-Robbins, Buffalo Wild Wings, Jimmy John's, and Dunkin’ Donuts. They manage over 32,000 restaurants, 650,000 company and franchise members, and have over $30B in global system sales. Inspire Brands is headquartered in Sandy Springs, GA.

...

$ 2,002,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 6.00% | SF 1,490 | Term 7.1
Hazel Green, AL 35750
  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Highway location

  • University college close

  • Major MSA

  • New development zone

  • Absolute NNN

  • Personal guarantee

  • ...
  • Sonic Drive-in has over 8 years remaining on thier current lease with 2 (5-year) options to extend
  • Monthly base rent is the greater of $8,600 or 7% of net monthly sales
  • Absolute NNN lease | Zero landlord responsibilities
  • Personal guarantee from experienced operator with 32 units
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 32
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts and Buffalo Wild Wings. Sonic's menu consists of hamburgers and french fries, as well as onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,550 Sonic restaurants are located in 46 US states. Sonic has operated since the early 1950’s, and prior to its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3 billion in Fall 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc., is the 2nd largest restaurant company in the world. Inspire Brands was founded in 2018, following Arby’s Restaurant Group’s acquisition of Buffalo Wild Wings (and their subsidiary Rusty Taco) for $2.9B. In that first year, Inspire Brands included more than 4,600 company-owned and franchised restaurants with more than 150,000 team members across 15 countries. Today, the privately-held company now has a portfolio of distinct, highly-valued brands such as Sonic, Arby’s, Baskin-Robbins, Buffalo Wild Wings, Jimmy John's, and Dunkin’ Donuts. They manage over 32,000 restaurants, 650,000 company and franchise members, and have over $30B in global system sales. Inspire Brands is headquartered in Sandy Springs, GA.

...

$ 2,861,000

Sonic Drive-In

Fast Casual/Rest.  

Cap Rate 5.50% | SF 1,225 | Term 7.1
Dickson, TN 37055
  • Major thoroughfare

  • Highway location

  • Hospital close

  • Top 100 MSA

  • Population increase trend

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

  • 25+ unit franchisee backed

  • Credit rated company

  • ...
  • Sonic Drive-In has been operating in this location since 2009
  • Tenant has over 8 years remaining on its current lease with 2 (5-year) options to extend
  • Monthly base rent is the greater of $10,500 or 7% of net monthly sales
  • Absolute NNN | Zero Landlord Responsibilities
  • Personal guarantee from experienced operator with 32 units
  • Tenant Sonic Drive-In
  • Guarantor Franchisee
  • #Units 32
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts and Buffalo Wild Wings. Sonic's menu consists of hamburgers and french fries, as well as onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,550 Sonic restaurants are located in 46 US states. Sonic has operated since the early 1950’s, and prior to its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3 billion in Fall 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc., is the 2nd largest restaurant company in the world. Inspire Brands was founded in 2018, following Arby’s Restaurant Group’s acquisition of Buffalo Wild Wings (and their subsidiary Rusty Taco) for $2.9B. In that first year, Inspire Brands included more than 4,600 company-owned and franchised restaurants with more than 150,000 team members across 15 countries. Today, the privately-held company now has a portfolio of distinct, highly-valued brands such as Sonic, Arby’s, Baskin-Robbins, Buffalo Wild Wings, Jimmy John's, and Dunkin’ Donuts. They manage over 32,000 restaurants, 650,000 company and franchise members, and have over $30B in global system sales. Inspire Brands is headquartered in Sandy Springs, GA.

...

$ 1,950,000 |$ 2,042,000

Sonic (GL)

Fast Food/QSR  

Cap Rate 5.76% | 5.50% | SF 1,268 | Term 11.5
Salem, VA 24153
  • New construction

  • Oversized lot

  • Dense retail corridor

  • Highway location

  • Affluent suburb location

  • Major MSA

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • Credit rated company

  • ...
  • New 2022 construction
  • Sonic recently signed a brand new 15 year lease with 5 (5-year) options to extend
  • Lease features 10% rental increases every 5 year throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Inspire Brands
  • Tenant Sonic
  • Guarantor Corp Rated
  • #Units 3,551
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts and Buffalo Wild Wings. Sonic's menu consists of hamburgers and french fries, as well as onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,550 Sonic restaurants are located in 46 US states. Sonic has operated since the early 1950’s, and prior to its acquisition by Inspire Brands, its stock was publicly traded. Inspire acquired Sonic Drive-In for $2.3 billion in Fall 2018. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire Brands, Inc., is the 2nd largest restaurant company in the world. Inspire Brands was founded in 2018, following Arby’s Restaurant Group’s acquisition of Buffalo Wild Wings (and their subsidiary Rusty Taco) for $2.9B. In that first year, Inspire Brands included more than 4,600 company-owned and franchised restaurants with more than 150,000 team members across 15 countries. Today, the privately-held company now has a portfolio of distinct, highly-valued brands such as Sonic, Arby’s, Baskin-Robbins, Buffalo Wild Wings, Jimmy John's, and Dunkin’ Donuts. They manage over 32,000 restaurants, 650,000 company and franchise members, and have over $30B in global system sales. Inspire Brands is headquartered in Sandy Springs, GA.

...

$ 0 |$ 2,799,000

Sonic (GL)

Fast Casual/Rest.  

| 5.25% | SF 1,246 | Term 10.1
Houston, TX 77063
  • Hard corner intersection

  • High traffic 50M+ VPD

  • Major thoroughfare

  • Near major nationals

  • Central metro location

  • Dense 200M+ pop 5 mi

  • Affluent AHHI $100K 5 Mi

  • Long operation history

  • Absolute NNN

  • 50+ unit franchisee backed

  • ...
  • Sonic has been operating in this location since 2001
  • Tenant has 12.5+ years remaining in its current term with 3 (5-year) options to extend
  • Lease features 10% rent increases every 5 years and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Franchise guarantee by Garza Management Corporation (50+ units backed)
  • Tenant Sonic (GL)
  • Guarantor Franchisee
  • #Units 50
  • Moody's/S&P B2/ B+
  • Stock Private

Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's, Dunkin Donuts and Buffalo Wild Wings. Sonic's menu consists of hamburgers and french fries, as well as onion rings, corn dogs, chili dogs, and breakfast toaster sandwiches. As of 2023, over 3,550 Sonic restaurants are located in 46 US states. Sonic has operated since the early 1950’s, and prior to its acquisition by Inspire Brands, its stock was publicly traded. Most restaurants are owned and operated by franchisees, and Sonic Drive-In’s total 2021 revenue was $5.83B. Corporate headquarters are in Oklahoma City, OK.

Inspire acquired Sonic Drive-In for $2.3 billion in Fall 2018. Inspire Brands is a privately held company and the 2nd largest restaurant company in the world; owning such brands as Arby’s, Baskin-Robbins, Buffalo Wild Wings, Jimmy John's, and Dunkin’ Donuts. They manage over 32,000 restaurants, 650,000 company and franchise members, and have over $30B in global system sales. Inspire Brands is headquartered in Sandy Springs, GA.

...

GET IN TOUCH

Get NNN Listings, News
& Insights in Your Inbox