Sonic Drive-In

310 SE Kings Bay Drive | Crystal River, Florida 34429

Contact Brokers

JamesG_02_1500x2250px_300dpi.jpg

James Garner, CCIM
First Vice President Investments​James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

JimS_03_1500x2250px_300dpi.jpg

Jim Shiebler, CCIM, CEC

First Vice President Investments

Jim.Shiebler@MarcusMillichap.com

(O) 239.340.7811
FL #SL3347780

JamesM_01_1500x2250px_300dpi.jpg

James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com
(O) 813-387-4788
FL #SL3216834

Highlights

  • Brand / Concept - 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.

  • Includes Drive Thru - With both stalls and a drive thru, this Sonic Drive-In location is positioned to handle significant guest volume.

  • 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 communities.

  • Lease Guarantee Size & Strength - The lease is backed by Panhandle Restaurant Group's corporate entity, which will have 20 units operational by the end of the year and another 10-20 locations targeted for construction to open in the next 12 months.

Description

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 Crystal River, FL. This Ground Lease is backed by Panhandle Restaurant Group's corporate entity, which will have 20 units operational by the end of 2021 and another 10-20 locations targeted for construction to open in the next 12 months. This is an opportunity to invest in a guarantee that is slated to grow significantly over the next several years allowing the new owner to inherit a stronger guarantee with each new location they open. This location also includes a drive-thru along with stalls which positions it to handle significant guest volume. 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.