Sonic Drive-In

1950 S Jefferson Street | Perry, Florida 32348

Contact Brokers

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

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Jim Shiebler, CCIM, CEC

First Vice President Investments

Jim.Shiebler@MarcusMillichap.com

(O) 239.340.7811
FL #SL3347780

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

Highlights

  • Lease Guarantee Size & Strength - The lease is backed by Panhandle Restaurant Group's corporate entity in addition to Personal Guarantee's by the operators with a combined net worth of over $20MM.

  • Upcoming Re-Image and Improvements - Tenant plans to put significant capital into a re-image and improvements to boost future sales numbers.

  • 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.

  • 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.

  • Strong Historical Sales and Operating History

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 Perry, FL. This NNN 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. In addition, the deal is backed by Personal Guarantee's by the operators with a combined net worth of over $20MM. 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.