Sonic Restaurant
Retail | 5.20% CAP | 1,700 SF
Marketing description
Tenant currently operates 9 Sonics in Oregon and Northern California. Tenant has been involved with Sonic over 35 years. This lease is signed with personal guarantee with zero landlord responsibilities making this an ideal management-free passive investment. Sonic was founded in 1953 and is the nations largest chain of drive-in restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day
Investment highlights
Zero landlord responsibility Constructed in 2008 High traffic intersection Located next to Dairy Queen built in 2013 Strong demographics—124,000 people in 10 mile radius, average household income—$98,000 Nearby national tenants (The Home Depot, Lowe’s, Tesla, Target, Best Buy, Bed Bath & Beyond, Trader Joes, PetSmart, Dick’s Sporting Goods, World Market, Starbucks, Chick-Fil-A, Hobby Lobby, Petco, Chipotle, Panda Express, Cracker Barrel, TJ Maxx) and many more
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