Restaurant

Sonic

3000 S I-35 Service Road, Oklahoma City, OK 73129

Listing Price: $841,739

Cap Rate
5.75%
Tenant Name
Sonic
Years Remaining On Lease
0.4
Gross SF
1,406
Guarantor
Corporate Guarantee
Rentable SF
1,406
Price/Gross SF
$598.68
Lease Type
Absolute Net
Rent Per Square Feet
$34.42

Investment Overview

Marcus & Millichap is pleased to present for sale SONIC a single-tenant property located at 3000 South Interstate-35 Service Road, Oklahoma City, Oklahoma 73129. The subject property is comprised of 1,406 square feet and was built in 2001. The building sits on a moderate 26,572 square foot lot with frontage on Interstate-35 that oversees 130,300+ Vehicles Per Day. SONIC operates on a Corporate Absolute-Net lease with 9 Months remaining. SONIC has operated this location for over 19 years exercising two options and has two, 5-year options remaining. For more than 60 years, SONIC, America’s Drive-In has built a dominant position in the drive-in restaurant business. They did it by sticking to what made drive-ins so popular in the first place: made-to-order American classics, signature menu items, speedy service from friendly Carhops and heaping helpings of fun and personality. SONIC serves more than 3 million customers a day at more than 3,500 locations nationwide. In December 2019, Sonic was acquired by Inspire Brands, a multi-brand restaurant company.

Investment Highlights

  • Absolute-Net Lease: SONIC Operates with a Corporate Guaranty and 9 Months Remaining
  • Excellent Access / Visibility: Frontage & Monument Signage on Oklahoma's Second Most Traveled Interstate-35 Oversees 130,300+ Vehicles Per Day
  • Oklahoma City MSA: SONIC is just 3.5 miles from Downtown Oklahoma City Serving the OKC Metro's Suburb Cities Located on the Go-to Work Traffic Side of Interstate-35

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

Listing Price: $841,739

Cap Rate
5.75%
Tenant Name
Sonic
Years Remaining On Lease
0.4
Gross SF
1,406
Guarantor
Corporate Guarantee
Rentable SF
1,406
Price/Gross SF
$598.68
Lease Type
Absolute Net
Rent Per Square Feet
$34.42

Investment Highlights

  • Absolute-Net Lease: SONIC Operates with a Corporate Guaranty and 9 Months Remaining
  • Excellent Access / Visibility: Frontage & Monument Signage on Oklahoma's Second Most Traveled Interstate-35 Oversees 130,300+ Vehicles Per Day
  • Oklahoma City MSA: SONIC is just 3.5 miles from Downtown Oklahoma City Serving the OKC Metro's Suburb Cities Located on the Go-to Work Traffic Side of Interstate-35

Investment Overview

Marcus & Millichap is pleased to present for sale SONIC a single-tenant property located at 3000 South Interstate-35 Service Road, Oklahoma City, Oklahoma 73129. The subject property is comprised of 1,406 square feet and was built in 2001. The building sits on a moderate 26,572 square foot lot with frontage on Interstate-35 that oversees 130,300+ Vehicles Per Day. SONIC operates on a Corporate Absolute-Net lease with 9 Months remaining. SONIC has operated this location for over 19 years exercising two options and has two, 5-year options remaining. For more than 60 years, SONIC, America’s Drive-In has built a dominant position in the drive-in restaurant business. They did it by sticking to what made drive-ins so popular in the first place: made-to-order American classics, signature menu items, speedy service from friendly Carhops and heaping helpings of fun and personality. SONIC serves more than 3 million customers a day at more than 3,500 locations nationwide. In December 2019, Sonic was acquired by Inspire Brands, a multi-brand restaurant company.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

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