That is far too long for a bounce and your system specs description is far too short.
List your:
CPU (including it's potential speed)
RAM
Interface (if you do not have one say so because that is very important)
Operating System (with bit version and which version of Sonar you have installed)
Hard Disk speed if available (if it is an SSD this doesn't matter)
Also...
What does your Edit > Preferences > Audio-Drivers section report as your Roundtrip Latency
You can check for performance issues by inserting the Perfomance Module into your Control Bar by cright clicking on the Control Bar and selecting "Performance" (it may take a couple tries until it replaces an existing module). This will show whether your CPU, RAM or hard disk are being maxed out.
Also...
Do you have a ton of effects and other gack on the track? If so turn or delete all that stuff when bouncing audiosnap renders so you aren't doing multiple resource draining functions all at once.
Cheers.