SONIC

STABILIZED, GROWING CASH FLOW

• Long-Term Stabilized Income – 20+ years left on the original lease term; 2 (Two), 5 (Five) year options – There are scheduled 5% increases every 5 years, hedging against inflation!
• Absolute NNN Investment – ZERO landlord responsibilities with maintenance, taxes and insurance paid by tenant for the landlord – Ideal for out of state investors looking for passive income
• Fantastic Store-Level Economics – This store has been performing well above the national average for Sonic and is continuing to experience strong sales growth
• Fee Simple Ownership – Landlord will be able to depreciate the improvements over 39 years – Great for sheltering income!
• Strong Commitment to Location – Franchisee plans to upgrade menus, credit card systems and POS systems later this year

RELIABLE RETAIL LOCATION

• Less than 1-Mile from High School – Sonic is located just down the street from the Academies of West Memphis High School which is home to over 1,100 students – Ideally located to capture lunch and dinner time business
• Strong Retail Corridor – Nearby national tenants include Dollar General, Subway, Walgreens, Fidelity National Bank, Captain D’s and O’Reilly Auto Parts – Store benefits from virtually zero competition in the area!

SEASONED OPERATOR OF AN EXCELLENT BRAND

• Seasoned Operator – Franchisee has been operating Sonic Drive-Ins for over 35 years and currently has 2 high performing units under management – Both stores rank in the top 10% of the chain in sales
• Excellent Unit Level Economics – New lease will have a healthy rent to sales ratio and investors can find additional confidence in the store knowing that this site ranks in the top 100 out of 3,557 stores in sales for the chain as of December 2016
• Reliable Growing Brand – Sonic Drive-In has been operating since 1953. In 2016 system same-store sales increased by 2.6% – the sixth consecutive year of positive same-store sales. Net growth of 31 stores in 2016 – the strongest in seven years