2660 199th St, Miami Gardens, FL 33056-1709
- Drive through restaurants
- 3,165 SF
- 0.95 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 2660 199th St
- Year built
- 2013
- Lot size
- 0.95 lot acres
- Zone code
- 6500:COMMERCIAL,CLASSIF
- Property type
- Drive through restaurants
- APN
- 34-2103-030-0020
- APU
- 3421030300020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 6, 2026 | $3,381,900 | Aqsr Holdings LLC | Oks Stadium LLC | Special Warranty Deed | $3.8M · Live Oak Banking Company |
| May 29, 2019 | — | Oks Commercial & U LLC | — | Deed · related | $3.5M · Us Century Bank |
| Dec 1, 2017 | — | Oks Commercial & U LLC | — | Deed · related | $1.7M · Ef Sbc 2015-1 LLC |
| Jan 29, 2014 | — | Oks Stadium LLC | St Nicholas Dev Co LLC | Quit Claim Deed · related | $1.8M · Luxlev Capital LLC |
| Sep 27, 2012 | $875,000 | St Nicholas Dev Co LLC | Wal-mart Stores East LP | Grant Deed | — |
| Jul 12, 2005 | $10,395,000 | Stores East Wal-mart | Morton,lottie | Grant Deed · related | — |
| — | — | Oks Commercial & U LLC | — | Deed Of Trust · related | $1.7M · Ef Sbc 2015-1 LLC |
Description
This exceptional investment opportunity presents a 3,054 square foot Sonic Drive-In located at 2660 NW 199th St, Miami Gardens, FL 33056. Built in 2014 and renovated in 2024, this single-story building boasts a 15-year absolute NNN lease with zero landlord responsibilities, providing a secure and passive income stream. The property features 30 parking spaces and sits on an oversized parcel exceeding 41,000 square feet, offering ample space and high visibility. Benefiting from a prime location across from Hard Rock Stadium, which attracts over two million visitors annually, and shadow-anchored by a Walmart Supercenter, this property enjoys exceptional traffic counts exceeding 72,000 vehicles daily. The surrounding area includes numerous major retailers, further enhancing its appeal. With a 100% occupancy rate, a Net Operating Income (NOI) of $186,000, and a 5.15% cap rate, this investment offers a compelling return. The tenant, a credit-rated Sonic franchisee with a corporate guarantee, ensures financial stability. The property's strong operational history, low rent-to-sales ratio of 8.35% (above the national average), and high population density within a three-mile radius (176,000) contribute to its significant investment potential. This is a rare opportunity to acquire a well-established, high-performing, and strategically located fast-food property in a thriving market. The asking price is $3,611,650.
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Location Insight
- Map
- Local Demand
- City
- Miami Gardens
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2447
- Latitude
- 25.9549
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
