Drive-Through Restaurant
For Sale
Contact for pricing
1152 South Tamiami Trail, Port Charlotte, FL 33953
Single-tenant restaurant with an existing drive-through system and on-site parking.
Property Size5,914 SF
Price / SF$371
Days on Market9
Property Features for 1152 South Tamiami Trail
General Information
Standard status
Active
Size
5,914 SF
Class
A
Total Parking Spaces
55
Property subtype
Retail
Zoning
CG
Lease Type
Absolute Net
Additional Details
Drive-Thru
Yes
Building Details
Year Built
1999
Year Renovated
2023
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Sunstar Realty, Inc. Port Charlotte
(941) 627-3321
Listed By:
Alfredo Sanchez · License #FL
Source:
Crexi
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 4:42AM
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 Coldwell Banker Commercial Sunstar Realty, Inc. Port Charlotte
Investment Insights
Based on property information with market context.
Built in 1999, this 5,914-square-foot single-tenant restaurant property includes an established drive-through system and more than 55 parking spaces. The site previously operated as Sonny’s BBQ, a family restaurant, and the improvements can support restaurant-oriented reuse or conversion to a sports bar, entertainment club, automobile sales operation, or automobile service use.
The property is located at 1152 South Tamiami Trail in Port Charlotte, across the road from Westport, a development planned with over 3,500 new homes and apartments. CG zoning is in place, providing the designated land-use framework for evaluating future occupancy and reuse.
The property is located at 1152 South Tamiami Trail in Port Charlotte, across the road from Westport, a development planned with over 3,500 new homes and apartments. CG zoning is in place, providing the designated land-use framework for evaluating future occupancy and reuse.
Key Highlights
- 5,914‑square‑foot restaurant property built in 1999
- Existing drive‑through system with more than 55 parking spaces
- Single‑tenant property with prior family restaurant use
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
$79,051
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
3.59%
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%
$1,581,020
$1.6M
Cap Rate 7%
$1,129,300
$1.1M
Cap Rate 9%
$878,344
$878.3K
Market Conditions
NOI Build-Up for 5,914 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
$112.1K $18.96/SF
− Vacancy
−$6.7K −$1.14/SF
EGI
$105.4K $17.82/SF
− OpEx
−$26.4K −$4.46/SF
NOI
$79.1K $13.37/SF
Area
Charlotte County, FL
Vacancy
6.00%
Lease Rate
$18.96 /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%
$1,581,020
Cap Rate 7%
$1,129,300
Cap Rate 9%
$878,344
Alternative Uses
Best Use
Specialty Retail
$1.13M
$988.1K – $1.32M
NOI $79,051 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,549 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
256k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Apparel 24%
Shops & Services 18%
Electronics 10%
Marshalls
Apparel
37,735 visits/mo
0.4 miles
Best Buy
Electronics
26,286 visits/mo
0.3 miles
Michaels
Shops & Services
25,562 visits/mo
0.3 miles
Aldi
Groceries
25,534 visits/mo
0.5 miles
JCPenney
Apparel
22,414 visits/mo
0.5 miles
Demographics for 33953, FL
6,882
Population
4,339
Households
1.6
Avg Household Size
64
Median Age
31%
College-Educated
97%
High-School Grad
16.1 sq mi
ZIP Area
427
Density / Sq Mi
$77,227
Median Household Income
$33,257
Median Earnings
$1,817
Median Rent
$332,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant restaurant with an existing drive-through system and on-site parking.
Where is this conventional restaurant located?
The property is located at 1152 South Tamiami Trail Port Charlotte, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 5,914‑square‑foot restaurant property built in 1999; Existing drive‑through system with more than 55 parking spaces; Single‑tenant property with prior family restaurant use
