Sonic

Offered at $2,886,033, yielding a 6.00% cap rate.
There are ±9.25 years remaining on the lease, including two 5-year options to extend with 10% rental increases every 5 years.
Operated by The Merritt Group, a system-leading operator with over 180 units in 8 states and 6,000 employees. The Merritt Group has over 35 years of decorated experience and was ranked as the 53rd best franchise of all food brands nationwide in 2024 by The
Franchise Times.
Rare Sales Reporting Location: Sales reported monthly & annually by franchisee, providing an investor with transparency on health of business (contact broker for details).
±2,308 SF building situated on a ±0.94-acre parcel with over 160 feet of frontage and excellent visibility.
2015 build-to-suit construction for Sonic Drive-In. The property has a concrete parking lot with 54 parking spaces.
Double drive-thru location: Drive-thru sales account for roughly 65% of total QSR revenue, and the dual-lane configuration allows operators to handle greater volumes while minimizing customer wait times.
Explosive Growth: Meridian’s population has expanded at an impressive 2.5% annually from 2020 to 2024 and is projected to accelerate to 2.8% per year between 2025 and 2029. Over the past five years, home values have surged 58%, representing an average
annual appreciation rate of 9.7%.
Located on Linder Road, a key thoroughfare in Meridian, offering strong traffic exposure (±12,000 VPD).
Located just 1,500 feet from Rocky Mountain High School, a leading public school in the area with over 1,910 students enrolled.
Strong Retail Synergy & Extensive Retail Development: Entire retail corridor was constructed in 2015 with neighboring tenants including Dutch Bros Coffee, Gyro Shack,
Kelson Orthodontics, & Johnny Bronx.
Strong Demographics: There are over 170,775 residents living within a 5-mile radius with an average household income exceeding $139,972.

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Broker of Record

Kyle Matthews