Sunnylea Plaza | 1400-1420 NE 8th St
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Sunnylea Plaza 1400-1420 NE 8th St
25,850 SF 66% Leased Retail Building Homestead, FL 33033 $13,000,000 ($503/SF) 4.03% Cap Rate
Investment Highlights
- Prime Location with High Visibility and Traffic Flow
- Value-Add Potential and Additional Development
- Development-Driven Community and Nearby Projects
- Strong Market and Demographics
- Recession-Resilient Tenant Mix
Executive Summary
Sunnylea Plaza in Homestead, FL, is a premier retail investment opportunity, strategically located between US-1 and Florida's Turnpike, capturing over 92,000 daily traffic views. Built in 2020, this 25,850 SF property with 66% occupancy offers significant value-add potential through leasing of vacant units and a prime outparcel. Anchored by essential-service tenants, Sunnylea Plaza benefits from steady foot traffic in a thriving residential market, with 1,500 new Class-A units delivered nearby. With a projected 8.04% cap rate by Year 3, this property combines immediate income and growth potential in one of Homestead’s fastest-growing areas.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
25,850 SF
Building Class
B
Year Built
2020
Price
$13,000,000
Price Per SF
$503
Cap Rate
4.03%
NOI
$523,735
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
3.00 AC
Opportunity Zone
Yes
Zoning
B2 - Commercial
Parking
119 Spaces (4.6 Spaces per 1,000 SF Leased)
Frontage
442 FT on Northeast 8th Street
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Property Features • Located within 1 mile of Florida’s Turnpike and US1 • Frontage on Campbell Drive • In the heart of Homestead’s fastest growing area
- 1420
- 1,417 SF
- Retail
- In-Line
- Now
- 1422
- 1,307 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1416 | 1,193 SF | Retail | In-Line | Now |
| 1420 | 1,417 SF | Retail | In-Line | Now |
| 1422 | 1,307 SF | Retail | In-Line | Now |
1416
| Size |
| 1,193 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1420
| Size |
| 1,417 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1422
| Size |
| 1,307 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1416
| Size | 1,193 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Property Features • Located within 1 mile of Florida’s Turnpike and US1 • Frontage on Campbell Drive • In the heart of Homestead’s fastest growing area
Nearby Major Retailers
1 of 42
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Sunnylea Plaza | 1400-1420 NE 8th St
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