Sonic Drive-In
20-Year Absolute NNN Lease | Rare Percentage Rent | Top-200 Franchisee | 21K VPD
Marketing description
Berlin Group is pleased to present this Sonic-leased property in Crawfordville, featuring a drive-thru lane and multiple covered carhop stalls. The property benefits from prime frontage along Crawfordville Highway, the area’s main traffic corridor with excellent visibility and traffic counts of approx. 21,000 vehicles per day.
The asset is secured by a brand-new 20-year absolute NNN lease with a US top-200 franchisee, one of the brand’s most successful operators. The lease includes a rare percentage rent clause, offering additional rental upside and enhancing long-term income potential for investors.
Investment highlights
Single-Tenant Sonic Drive-In Opportunity:
Brand New 20-Year Absolute NNN Lease
Zero Landlord Responsibilities
5% Increases Every Five Years
Rare Percentage Rent Clause
Strong Rent-to-Sales Ratio
Top-Tier Franchisee Operator:
Operated by a Top-200 Franchisee and One of Sonic's Largest Operators
Portfolio of 50+ Sonic Locations with 45 Additional Units in Development
Aggressive Growth, including an Agreement to Develop 50+ Big Chicken Restaurants Nationwide
About Sonic Drive-In:
Largest Drive-in QSR Chain in the U.S. with 3,500+ Locations Across 46 States
Generated $5.53 Billion in Revenue in 2024
Part of Inspire Brands, a Global Powerhouse with 33,000+ Locations and $33 Billion in Systemwide Revenue (2024)
Iconic Brand with a Resilient, Proven Business Model
Prime Location with Excellent Visibility:
Positioned Along Crawfordville Highway with Approx. 21,000 Vehicles Per Day
Less Than 30 Minutes from Downtown Tallahassee
Growing Trade Area & Demographics:
Wakulla County is Among Florida’s Fastest-Growing Regions
Crawfordville Population Has Grown 38% Since 2020, Increasing 3% Annually
Affluent Demographics with Average Household Incomes Over $100K Within 1 Mile
Close Proximity to Publix, CVS, Aldi, Starbucks, and Other National Retailers
Florida Income Tax Advantage:
No State Income Tax - Ideal for Out-of-State Investors Seeking Higher Net Returns
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