Built-Out Quick-Serve Restaurant
For Sale
$225,000
106-1024 Highway A1a, Satellite Beach, FL
Modern 1,112 SF restaurant in a Publix-anchored plaza with NNN lease remaining and extensive existing foodservice equipment.
Property Size1,112 SF
Price / SF$202.34
Days on Market300
Property Features for 106-1024 Highway A1a
General Information
Standard status
Active
Size
1,112 SF
Additional Details
Business Included
Yes
Building Details
Year Built
2020
Listing Agency:
Reach Commercial Real Estate
(321) 300-4773
Listed By:
Cassandra Hartford · License #3296024
(321) 300-4773
Source:
Exprealty
Added: Oct 15, 2025
Changed: Jul 10
Last Checked: Aug 9 at 12:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reach Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a fully built-out 3 Natives franchise restaurant space totaling 1,112 SF. The interior is described as clean and modern and includes dine-in seating, online ordering, and pickup. Tenant-ready improvements are included and inventory covers key foodservice operations such as deli stations, walk-in and under-counter refrigeration, juicers, blenders, prep tables, shelving, POS system, and digital menu boards. Seating is provided for both indoor and patio use, and the sale is stated to include all FF&E as well as franchise rights, branding, and goodwill.
The space is located in Atlantic Plaza, a Publix-anchored center. It is positioned just off A1A in Satellite Beach, Florida, and the property is described as benefiting from strong daily traffic generated by neighboring businesses including Planet Fitness, McDonald’s, Subway, and Navy Federal. Nearby points named in the remarks include Satellite High and Holland Elementary, and the beach is noted as approximately 1.2 miles away.
For buyers and operators, the most practical fit is a party seeking a turnkey quick-serve restaurant with existing equipment and established operational components, paired with an NNN lease signed in 2022 and approximately seven years remaining. The owner sale includes franchise transfer items, but lease and franchise transfers are stated to be subject to approval.
The space is located in Atlantic Plaza, a Publix-anchored center. It is positioned just off A1A in Satellite Beach, Florida, and the property is described as benefiting from strong daily traffic generated by neighboring businesses including Planet Fitness, McDonald’s, Subway, and Navy Federal. Nearby points named in the remarks include Satellite High and Holland Elementary, and the beach is noted as approximately 1.2 miles away.
For buyers and operators, the most practical fit is a party seeking a turnkey quick-serve restaurant with existing equipment and established operational components, paired with an NNN lease signed in 2022 and approximately seven years remaining. The owner sale includes franchise transfer items, but lease and franchise transfers are stated to be subject to approval.
Key Highlights
- Built‑in‑2020, fully built‑out 1,112 SF Natives restaurant in a Publix‑anchored Atlantic Plaza
- NNN lease signed in 2022 with approximately 7 years remaining (lease/franchise transfers subject to approval)
- Rent approx. $3,500/month incl. CAM; additional rent listed as ops $3.00/SF, taxes $1.98/SF, insurance $0.36/SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,812
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$296,240
$296.2K
Cap Rate 7%
$211,600
$211.6K
Cap Rate 9%
$164,578
$164.6K
Market Conditions
NOI Build-Up for 1,112 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.4K $19.20/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$19.7K $17.76/SF
− OpEx
−$4.9K −$4.44/SF
NOI
$14.8K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$296,240
Cap Rate 7%
$211,600
Cap Rate 9%
$164,578
Alternative Uses
Best Use
Specialty Retail
$211.6K
$185.2K – $246.9K
NOI $14,812 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.4K
$256.7K – $342.3K
NOI $20,536 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 46%
ABC Fine Wine & Spirits
Groceries
9,573 visits/mo
0.3 miles
Mobil
Shops & Services
8,026 visits/mo
0.3 miles
Texaco
Shops & Services
3,136 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Coffee shop - Modern 1,112 SF restaurant in a Publix-anchored plaza with NNN lease remaining and extensive existing foodservice equipment.
Where is this coffee shop located?
The property is located at 106-1024 Highway A1a Satellite Beach, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Built‑in‑2020, fully built‑out 1,112 SF Natives restaurant in a Publix‑anchored Atlantic Plaza; NNN lease signed in 2022 with approximately 7 years remaining (lease/franchise transfers subject to approval); Rent approx. $3,500/month incl. CAM; additional rent listed as ops $3.00/SF, taxes $1.98/SF, insurance $0.36/SF
