Turnkey Restaurant with Patio
For Sale
Contact for pricing
11419 W Palmetto Park Rd F, Boca Raton, FL 33428
Fully equipped, operational restaurant sale includes a complete commercial kitchen, FF&E, and outdoor patio seating.
Property Size2,400 SF
Price / SF$2.68
Days on Market129
Property Features for 11419 W Palmetto Park Rd F
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$385,626
Building Details
Building Size
2,400 SF
Year Built
1985
Listing Agency:
United Realty Group Inc
Listed By:
Roberto Barreto · License #3198539
(954) 243-8678
Source:
Elliman
Added: Jun 17
Changed: Oct 13
Last Checked: Oct 20 at 9:15PM
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 United Realty Group Inc
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Investment Insights
Based on property information with market context.
This turnkey restaurant opportunity is currently open and running and includes a fully equipped, operational commercial kitchen. The sale includes the kitchen equipment and FF&E, supporting an immediate, working foodservice operation. Outdoor patio seating is also included with the space, providing an additional guest dining option.
The offering is located in West Boca Raton and presents an established setup for a foodservice operator. The property is car-dependent based on the provided walk and bike scores (Walk Score 9, Bike Score 28), aligning with a drive-to customer profile.
From a leasing standpoint, the restaurant is under an existing lease with an expiration date of December 31, 2030. Rent is approximately $5,900 per month and includes CAM, with 3% annual increases. There are also two (2) five-year renewal options, which can extend occupancy beyond the initial term. Ideal for an owner-operator, this package is designed to transfer the ongoing kitchen capability and operational readiness without requiring new equipment procurement.
The offering is located in West Boca Raton and presents an established setup for a foodservice operator. The property is car-dependent based on the provided walk and bike scores (Walk Score 9, Bike Score 28), aligning with a drive-to customer profile.
From a leasing standpoint, the restaurant is under an existing lease with an expiration date of December 31, 2030. Rent is approximately $5,900 per month and includes CAM, with 3% annual increases. There are also two (2) five-year renewal options, which can extend occupancy beyond the initial term. Ideal for an owner-operator, this package is designed to transfer the ongoing kitchen capability and operational readiness without requiring new equipment procurement.
Key Highlights
- Fully equipped, operational restaurant business sale with total space of 1,975 SF
- Complete commercial kitchen included with FF&E in the sale
- Outdoor patio seating included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,321
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,420
$426.4K
Cap Rate 7%
$304,586
$304.6K
Cap Rate 9%
$236,900
$236.9K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$32.2K $16.32/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$30.5K $15.42/SF
− OpEx
−$9.1K −$4.63/SF
NOI
$21.3K $10.80/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,420
Cap Rate 7%
$304,586
Cap Rate 9%
$236,900
Alternative Uses
Best Use
Specialty Retail
$543.2K
$475.3K – $633.7K
NOI $38,021 @ 7.0% cap · market cap 717.38%
Second Best
Industrial
$304.6K
$266.5K – $355.4K
NOI $21,321 @ 7.0% cap · market cap 402.28%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,363 @ 7.0% cap · market cap 1,837.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Shops & Services 28%
Dining 17%
Apparel 11%
Publix
Groceries
26,889 visits/mo
0.3 miles
Chevron
Shops & Services
16,028 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,652 visits/mo
0.3 miles
Goodwill
Apparel
6,997 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,533 visits/mo
0.3 miles
Demographics for 33428, FL
42,828
Population
17,962
Households
2.4
Avg Household Size
42
Median Age
40%
College-Educated
90%
High-School Grad
11.5 sq mi
ZIP Area
3,724
Density / Sq Mi
$85,939
Median Household Income
$42,419
Median Earnings
$2,349
Median Rent
$433,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped, operational restaurant sale includes a complete commercial kitchen, FF&E, and outdoor patio seating.
Where is this conventional restaurant located?
The property is located at 11419 W Palmetto Park Rd F Boca Raton, FL.
What are key features of this property?
This property features: Fully equipped, operational restaurant business sale with total space of 1,975 SF; Complete commercial kitchen included with FF&E in the sale; Outdoor patio seating included
