Lowest Cap Rate
4.25%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.33%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.05%
Average Cap Rate over previous quarter
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
Sales Price Range$1,500,000 - $2,500,000
NOI Range$100,000 - $150,000
Building SF1,500
Lease Term20 Years
EscalationsVaries
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PB+
Moody'sB2
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
4.92
5.68
5.57
5.99
5.39
5.70
*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
Sweeny, TX6.63%
Westlake, LA6.75%
Spanish Fork, UT6.43%
Top Consumer Traffic
West Plains, MO933,000
Wynne, AR866,600
Coarsegold, CA854,700
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
