Sonic, Homestead, FL
2425 NE 8th Street
Homestead, FL 33033
PROPERTY SOLD
Property: Investment Sales
Square Footage: 1,645
Price: $2,262,961
Cap Rate: Call
Description:
- Located between Miami and Key Largo at Florida’s Turnpike and NE 8th Street (Exit 2)
- Outparcel to the 358,000 SF Homestead Pavilion anchored by Kohl’s and Sports Authority
- 1,645 SF restaurant developed on a .79 acre pad and operated by a multi-unit franchisee
- Sonic commenced a 20 year lease in June 2011 with rent bumps every 5 years
- The all cash transaction closed escrow in September 2011 for $2,262,961
- The buyer was a large public institutional investor out of the Midwest


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Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile