Sonic Drive-In NNN Properties for Sale

3 live Sonic Drive-In listings as of October 7, 2026.

Sonic Drive-In cap rates by band

Live Sonic Drive-In listings by asking cap rate, as of October 7, 2026
Cap rate bandListingsAverage asking price
5.00% – 5.99%1$2.63M
6.00% – 6.99%2$2.00M

Sonic Drive-In listings by state

Live Sonic Drive-In listings by state, as of October 7, 2026
StateListingsAverage cap rate
Florida15.35%
Oklahoma16.25%
Texas16.50%

Sonic Drive-In remaining lease term

Live Sonic Drive-In listings by remaining primary term, as of October 7, 2026
Remaining termListingsAverage cap rate
5 – 9.9 years16.50%
10 – 14.9 years16.25%
15+ years15.35%

Buying Sonic Drive-In in a 1031 exchange

In a 1031 exchange, replacement property must be identified within 45 days of selling the relinquished property and the purchase must close within 180 days. A qualified intermediary holds the sale proceeds in between. Speak with your own tax adviser about your situation.

2 of the 3 live Sonic Drive-In listings have 10 or more years of primary lease term remaining (as of October 7, 2026).

Sonic Drive-In due-diligence checklist

  • Read the full lease: confirm the firm term, renewal options, rent schedule and every landlord responsibility.
  • Confirm who guarantees the lease (corporate, franchisee or personal) and review the guarantor’s financial statements where available.
  • Order tenant estoppel and SNDA documents before closing.
  • Review the title commitment, survey and zoning report for the parcel.
  • Commission a Phase I environmental site assessment.
  • Inspect the roof, structure, parking lot and HVAC, and confirm any warranties.
  • Verify property tax, insurance and CAM reimbursements against the lease.
  • Review store-level sales or rent-to-sales data if the tenant reports it.

Sonic Drive-In net lease FAQ

How many Sonic Drive-In net lease properties are for sale?

Net Lease World shows 3 live Sonic Drive-In listings as of October 7, 2026.

What cap rates are Sonic Drive-In properties listed at?

Live Sonic Drive-In listings with a published cap rate range from 5.35% to 6.50%, with a median of 6.25% (as of October 7, 2026). These are asking cap rates, not closed sales.

What is the typical asking price for a Sonic Drive-In property?

The median asking price across live Sonic Drive-In listings with a published price is $2.05M (as of October 7, 2026).

Which states have the most Sonic Drive-In listings?

Florida (1), Oklahoma (1), Texas (1). Listings appear in 3 states in total (as of October 7, 2026).

How much lease term is left on Sonic Drive-In listings?

The median remaining primary lease term is 10.0 years; 2 listings have 10 or more years remaining (as of October 7, 2026).

Live Sonic Drive-In listings