Tenant Profiles

Sonic Drive-In

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02/28/2024 By B+E

Sonic Drive-In

sonicdrivein.com | Inspire Brands

25
Number on Market

$2.1M
Average Price

15.3
Average Remaining Term (Years)

5.52%
Average Cap Rate

Sonic Drive-In Tenant Overview

Sonic Drive-In, founded in 1953, is headquartered in Oklahoma City, Oklahoma. The company operates over 3,549 stores across 45 states and is a subsidiary of Sonic Corp. Sonic is the largest chain of drive-in restaurants. Sonic is a subsidiary of Inspire Brands, one of the largest food and beverage companies in the world.

Sonic Drive-In is known for its unique drive-in concept and menu offerings, including its signature slushes and hot dogs. The company has a strong customer base and is considered an excellent investment for its consistent financial performance and high-quality real estate portfolio.

Tenant Data:

Company	Sonic Drive-In
Parent Company	Inspire Brands LLC
Ownership	Private
Headquarters	Oklahoma City, Oklahoma
Credit Rating	B (S&P)
Locations (North America)	± 3,545
Regions	Nationwide
Website	sonicdrivein.com

Average Sonic Drive-In Info
Number on Market	25
Average Price	$2,068,284
Average Remaining Term	15.3 Years
Average Cap Rate	5.52%
Average NOI	$113,832
Average PPSF	$1,261
Average Building SF	1,694 SF
Average Lot Size	1.11 AC
AS OF 02/01/2024