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Race car driver developing Sonny's

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  • | 8:17 p.m. May 20, 2011
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BUYER: South Florida Barbeque of Cape Coral Inc. (Dale and Gail Coyne), Plainfield, Ill.

SELLER: OB Florida CRE Holdings LLC

PROPERTY: 738 S.W. Pine Island Road, Cape Coral

PRICE: $1.13 million

PREVIOUS PRICE: $1.33 million, May 2006

LAW FIRM ON DEED: Shumaker Loop & Kendrick LLP, Sarasota

PLANS, DESCRIPTION: Indy-car racer Dale Coyne and his wife, Gail, purchased a 7,078-square-foot former Chicago Uno restaurant building for $1.13 million.

The price equated to $159 per square foot.

The Coynes, who own the IndyCar series race team Dale Coyne Racing in Plainfield, Ill., are prominent Sonny's franchisees and plan to convert it into a Sonny's Real Pit Bar-B-Q.


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