Restaurant
Sonic Drive-In
64107 LA-41, Pearl River, LA 70452
Listing Price: $1,660,000
Investment Overview
Marcus & Millichap is pleased to present Sonic Drive-In, a rare opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Pearl River, LA. This NNN Lease is backed by Panhandle Restaurant Group’s corporate entity, which has 30+ units currently operational and 5-10 locations targeted to open in the next 12-18 months. In addition, the deal is backed by Personal Guarantee's by the operators with a combined net worth of over $20MM. The property location is densely populated and has several employers within walking distance, which allows for walk up lunch rush traffic and a built-in customer base to drive consistent sales numbers. Finally, this market has been identified by the operator as similar to their other successful markets, which is why they employ grassroots marketing campaigns to build relationships with the surrounding community making this location a hot-spot for family gatherings.
Sonic Drive-In
Investment Highlights
- Strong Historical Unit Sales and Operating History
- The lease is backed by Panhandle Restaurant Group's corporate entity, which has 30+ units currently operational and 5-10 locations targeted to open in the next 12-18 months.
- Recent Improvements: Tenant recently acquired these locations and has improved sales significantly at this location since putting money into the site.
- Sonic Drive-In is an established quick service restaurant concept operating since the 1950s. As of 2020, 3,491 Sonic restaurants are located in 46 U.S. States.
- 2% Annual Increases
- Community and Family Focused Operator: They employ grassroots marketing campaigns to build relationships with the surrounding community making this location a hot-spot for family gatherings.
Listing Price: $1,660,000
Investment Highlights
- Strong Historical Unit Sales and Operating History
- The lease is backed by Panhandle Restaurant Group's corporate entity, which has 30+ units currently operational and 5-10 locations targeted to open in the next 12-18 months.
- Recent Improvements: Tenant recently acquired these locations and has improved sales significantly at this location since putting money into the site.
- Sonic Drive-In is an established quick service restaurant concept operating since the 1950s. As of 2020, 3,491 Sonic restaurants are located in 46 U.S. States.
- 2% Annual Increases
- Community and Family Focused Operator: They employ grassroots marketing campaigns to build relationships with the surrounding community making this location a hot-spot for family gatherings.
Investment Overview
Marcus & Millichap is pleased to present Sonic Drive-In, a rare opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Pearl River, LA. This NNN Lease is backed by Panhandle Restaurant Group’s corporate entity, which has 30+ units currently operational and 5-10 locations targeted to open in the next 12-18 months. In addition, the deal is backed by Personal Guarantee's by the operators with a combined net worth of over $20MM. The property location is densely populated and has several employers within walking distance, which allows for walk up lunch rush traffic and a built-in customer base to drive consistent sales numbers. Finally, this market has been identified by the operator as similar to their other successful markets, which is why they employ grassroots marketing campaigns to build relationships with the surrounding community making this location a hot-spot for family gatherings.
