Sonic Portfolio | NC & VA Locations

n/aAbsolute NNN Master Lease - The portfolio benefits from an Absolute NNN Master Lease structure, providing cross-default protection across all five locations and reducing single-asset risk. Strong Remaining Term - The portfolio is secured by 15+ years of remaining lease term, providing stable, predictable income over the long term. Annual Rent Growth - Properties feature 1.75% annual contractual rent increases, providing built-in income growth throughout the lease term. Proximity to National Retailers - Several locations are positioned near major national retailers, including Walmart, Lowe’s, Food Lion, TJ Maxx, and Best Buy, which help drive consistent traffic and visibility. High-Visibility Locations - The properties are located along highly visible highway corridors that complement Sonic’s drive-thru operating model. Geographic Diversification - The five-property portfolio spans North Carolina and Virginia, providing exposure across multiple trade areas and reducing reliance on any single local economy.