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Tenant Profiles

Sonic Drive-In

B+E > B+E INSIGHTS > Tenant Profiles > Sonic Drive-In
01/23/2023 By B+E

Sonic Drive-In

sonicdrivein.com | Inspire Brands

sonic logo

52
Number on Market

$2.14M
Average Price

15.69
Average Remaining Term (Years)

4.96%
Average Cap Rate

Sonic Drive-In Tenant Overview

Sonic Drive-In, founded in 1953, is headquartered in Oklahoma City, Oklahoma. The company operates over 3,600 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.

In the 2021 fiscal year, Sonic Drive-In’s parent company generated approximately $30 billion in sales. This performance, along with the company’s strong brand loyalty, has earned it a credit rating of B+ from Standard & Poor’s. Sonic Drive-In’s unique concept and focus on providing high-quality food make it a valuable tenant for any retail property.

sonic drive-in nnn property

Tenant Data:

Company Sonic Drive-In
OwnershipPrivate
Headquarters Oklahoma City, Oklahoma
TickerN/A
Credit RatingS&P: B+
Annual RevenueN/A
Locations (North America)+/- 3,600
Websitewww.sonicdrivein.com
Average Sonic Drive-In Info
Number on Market52
Average Price$2,142,000
Average Remaining Term15.69 Years
Average Cap Rate4.96%
Average NOI$112,368
Average PPSF$974.52
Average Building SF2,198 SF
Average Lot Size0.76 AC
AS OF 12/08/22

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