555 S Babcock St
Melbourne, FL 32901
Sonic · Retail Property For Sale

Northmarq National Restaurant Group is pleased to offer for sale this exclusive single-tenant Sonic Drive-In property located in Melbourne, Florida. This investment offers a fee simple, Absolute NNN sale-leaseback opportunity with a new 20 year lease commencing at the close of escrow, and 4 x 5 year options thereafter. This asset features increases of 10% every 5 years throughout the term and options, providing significant passive income, creating a hedge against inflation.
The Property is operated by a top franchisee who is a top Sonic and QSR operator that consistently ranked in the top 35 highest revenue franchisees in the Franchise Times 200. They consistently rank in the top 15 of the Multi-Unit Franchisee Magazine Mega 99, and operate as a leading multi-unit franchise operator across restaurants, retail, and hotels. With a presence in over 30 states, they manage over 450 locations, over 300 of which are restaurant locations.
Sonic Drive-In is located in the Melbourne, Florida area, near "Florida's Space Coast." The Property is only two miles away from the Northrop Grumman campus, which hosts 95,000 employees on site. Additionally, Sonic is nearby several retail and hospitality developments such as Lakoona Beach by Crystal Lagoon, which is a mixed-use retail, dining, and recreational facility with a private beach on 55 acres of land. Sonic Drive-In is also is near the Margaritaville Resort development, which will include over 150 hotel rooms, a two-story restaurant, 221-slip marina, and a 14,000-square-foot concert lawn. Additionally, the Property is near the new Amazon Delivery Warehouse in Melbourne, which is expected to bring at least 1,500 jobs to the immediate area.