Sonic, Homestead, FL

2425 NE 8th Street
Homestead, FL 33033


Property: Investment Sales

Square Footage: 1,645

Price: $2,262,961

Cap Rate: Call


  • 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

Sonic, Homestead, FL



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