Quick Service Restaurant    

Sonic Drive-In

 Melbourne, FL 

Asking Price

$2,327,272

Cap Rate

5.50%

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

Icon_guarantee_shield-1

Strong

Franchisee Guaranty

Icons_AbsNNN-Icon

Absolute NNN

Lease

Icon_LocationPin-01

Top Location

in a 15 Mi Radius

Icons_Growth

Rent Increases

10% Every 5 Years

Icons_traffic_Traffic

Annualized Traffic Count

7.47 Million

INVESTMENT HIGHLIGHTS

  • Top-in-Class Operator 
    The Franchisee is a consistent award winner, ranked #33 in the Franchise Times 200, and operates over 300 QSR units, specifically over 100 Sonic units. 
  • Absolute NNN Lease | No Landlord Responsibilities | 10% Rental Increases Every 5 Years
    Sonic operates under an Absolute NNN Lease structure, leaving no responsibilities to the Landlord. The Lease also features 10% rental increases every 5 years. 
  • Above Average Sales Performance | 65th Percentile in State of Florida | Top Location in a 15-Mi Radius
    This Sonic location reports sales above the average unit volume for 2023, signaling steady performance. According to Placer.Ai, the Property is also ranked in the 65th percentile out of all Sonic properties in the state of Florida, and the top location within a 15 mile radius. 
  • High Accessibility and Traffic Counts | Over 20K Vehicles Per Day | Located at Signalized Intersection with Airport Exit
    The Property is strategically located on a signalized intersection with an airport exit, creating high accessibility for travelers and daily commuters. Additionally, the property sees 20,462 vehicles per day, translating to a 7.47 million vehicles annually. 
  • Two Miles from Lakoona Beach by Crystal Lagoon Retail Development
    Lakoona Beach at Melbourne is a Crystal Lagoons complex that will span across 55 acres with shopping, dining, and recreational uses for adults and children. The project includes entertainment venues, recreational spaces, beach access, green spaces, fitness and wellness centers, and more, creating a resort and island like feel to the area. The development is underway and is expected to increase tourism counts in Melbourne significantly, especially with its strategic location next to the Melbourne Airport. 
  • Two Miles from Northrop Grumman Facilities | 95,000 Employees on Site
    Sonic is less than 2 miles from the Northrop Grumman campus in Melbourne, FL, which has 95,000 employees on site. The company is in the process of expanding its campus in the Melbourne Orlando International Airport, which will add an additional 1,200 jobs to the immediate area.


  •  Nearby Margaritaville Resort Under Construction
    The Property is less than two miles from the Margaritaville by Compass Landing resort, which will consist of a seven story, 150+ room hotel, two story restaurant, 221 slip marina, 14,000-square-foot concert lawn and even space, rooftop bar, and public boardwalk. The project has been confirmed to continue construction as of April 2024, and will draw thousands of visitors to the area. 
  • New Amazon Delivery Warehouse in Melbourne | Future 1,500 Direct Jobs from Site
    Amazon has opened warehouses in Melbourne, Port St. Lucie, Jacksonville and Tampa in the past year, totaling a $36 billion plus investment in Florida since 2010. The new Melbourne facility will employ over 140 people, plus an estimated 200-300 delivery drivers. In its final stages of construction, the warehouse is set to open before year end and can employ up to 1,500 total employees for the area. 
  • Within City of Melbourne's Babcock Street Community Redevelopment Area
    Sonic Drive-In is located within the City of Melbourne's Babcock Street Community Redevelopment Area (CRA), an area designated as an important commercial corridor needed of revitalization. The CRA has been in effect for over 20 years and aims to continue improving street access and transportation improvements, roadway circulation and traffic, transit opportunities, evacuation routes, public space, parking, and stimulating the current economic activity in the area. 
  • Income Tax-Free State 
    With the Property being located in Florida, investors can enjoy the investment residing in a income tax-free state. 

Exclusively Listed By: Northmarq National Restaurant Group

Matt Lipson

Senior Vice President
  mlipson@northmarq.com      (503) 307-0382

Mike Philbin

Senior Vice President
  mphilbin@northmarq.com      (858) 877-9847

In Association With
Robert Hernandez

Florida Broker #BK206942

Northmarq

4260 Galewood St. Suite A
Lake Oswego, OR 97035


northmarq.com