Lowest Cap Rate
3.3%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.13%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.62%
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
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
5.7
5.82
6.03
5.81
5.3
*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
Troy, MI6.06%
Marysville, WA3.30%
Fayetteville, GA6.50%
Top Consumer Traffic
West Plains, MO917,700
Wynne, AR851,000
Binghamton, NY830,700
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
