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    10197 Cleary Blvd Plantation, FL 33324

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    For Sale
    $5,200,000

    Recently built restaurant property with a long-term lease.

    Property size:
    2,837 SF
    Lot size:
    21.87 Acres

    Property Features for 10197 Cleary Blvd

    General Information

    Size
    2,837 SF
    Lot size
    21.87 Acres

    Source: SRS Real Estate Partners | Fort Lauderdale Agent Patrick Nutt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Restaurant with Long-Term Lease

    This property features a restaurant built in 2023. The building incorporates high-quality materials and finishes, along with distinct design elements. A restaurant recently executed a new 15-year lease agreement that includes options to extend for five additional 5-year periods. The lease specifies a 10% rental increase every 5 years, including at each option to extend. The property is suitable for drive-through restaurants, restaurants, retail, NNN, and specialty purposes. The property contains 2,837 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plantation
    County
    Broward
    State
    Florida
    Longitude
    -80.2858393
    Latitude
    26.1334174

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    FAQs

    What type of property is this?
    Drive through restaurant - Recently built restaurant property with a long-term lease.
    Where is this drive through restaurant located?
    The property is located at 10197 Cleary Blvd Plantation, FL.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - Brand new 15-year lease executed.; - 10% rental increases every 5 years.; - Includes 5 (5-year) options to extend.
    (954) 703-3600
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    10197 Cleary Blvd Plantation, FL 33324
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10197 Cleary Blvd Plantation, FL 33324
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