Sonic Restaurant


Property ID

1,700 SqFt




Address: 63076 N. Highway 97
Price: $4.500.000
Cap Rate: 4.85%

NOI: $216,000
Building Size: 1,700 Square Feet
Land Size: 0.81 Acres
Parking: 13 Parking Spots
Location: Corner Lot
Constructed: 2008
Zoning: Commercial
County: Deschutes


A. Absolute net lease
B. Zero landlord responsibility
C. Constructed in 2008
D. High traffic intersection
E. Located next to Dairy Queen built in 2013
F. Strong demographics—124,000 people in 10 mile radius, average household income—$98,000
G. Nearby national tenants (The Home Depot, Lowe’s, Tesla, Target, Best Buy, Bed Bath & Beyond, Trader Joes,
PetSmart, Dick’s Sporting Goods, World Market, Starbucks, Chick-Fil-A, Hobby Lobby, Petco, Chipotle,
Panda Express, Cracker Barrel, TJ Maxx) and many more


Tenant Name: Team Drive In Bend, LLC
Guaranty: Personally Guaranteed
Type of Ownership: Fee Simple
Lease Type: Absolute NNN
Landlord Responsibilities: None
Rent Commencement: December 26, 2008
Lease Expiration: December 31, 2033
Term Remaining: Eleven Years
Options: Four, 5 Year options to renew
Right of First Refusal: None

Base Rent                          Annually               Monthly
Closing to 12/2028         $216,000             $18,000
1/2029—12/2033            $242,000             $20,225

Tenant currently operates 9 Sonics in Oregon and Northern
California. Tenant has been involved with Sonic over 35 years.
This lease is signed with personal guarantee with zero landlord
responsibilities making this an ideal management-free passive
investment. Sonic was founded in 1953 and is the nations largest
chain of drive-in restaurants with more than 3,500 drive-ins
serving approximately 3 million customers every day.


Address: 63076 N Hwy 97, Bend, OR 97701, USA
  • Province / State: Oregon
  • City / Town: Bend
  • Postal code / ZIP: 97701
Get Directions - Open on Google Maps
  • Property ID 7302
  • Price $4,500,000
  • Property Type Restaurant
  • Property status For Sale
  • Year Built 2008
  • Size 1,700 SqFt
  • Land area 0.00.81 Acres
  • Number of Units 1

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James Gillespie

Property Seller
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