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$ 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.

...

$ 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.

...

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