Sonic

Offered at $2,664,030, yielding a 6.50% 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.
Leased to The Merritt Group, a system-leading operator with over 180 units in 8 states and 6,000 employees. Operated by MRG Venture 81 LLC.
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.

Navigation Menu

Key Information

Highlights

Photos

Location

Agents

Broker of Record

Kyle Matthews