Lowest Cap Rate
4.25%
Lowest Cap Rate over past 24 months
Average Cap Rate
5.85%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Overview
Sonic is the nation's leader in drive in chain restaurants with 3,504 locations in 46 states. Sonic offers a variety of menu options such as cheeseburgers, chicken nuggets, milkshakes and even breakfast. Sonic is most well-known for their workers on roller skates when taking orders. In general, Sonic offers 15 to 20-year lease terms in high traffic areas with rent escalations that vary from lease to lease.
Property & Lease
Average Sale Price$1,500,000 - $2,500,000
Average NOI$100,000 - $150,000
Building SF1,500
Lease Term20 Years
EscalationsVaries
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
5.21
5.61
5.33
5.87
5.23
5.56
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Modesto, CA6.21%
Pasadena, TX5.79%
Yucca Valley, CA5.48%
Top Consumer Traffic
Binghamton, NY413,300
Mcminnville, TN392,700
Winnsboro, LA372,300
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data