Delray Beach Restaurant Investment
For Sale
$6,150,000
166 SE 2nd Ave, Delray Beach, FL 33444
15-year net lease in downtown Delray Beach.
Property Size6,461 SF
Price / SF$951.87
Days on Market148
Property Features for 166 SE 2nd Ave
General Information
Standard status
Active
Size
6,461 SF
Property subtype
Restaurant
Lease Type
NNN
Amenities
New 15 year Absolute Net Lease - 420K a year Net Revenue
Strong Operator with multiple locations and reports sales at this location close to 5 million
Percentage Rent Clause provides hedge against inflation as tenant operates at below market rents.
Building Details
Building Size
6,461 SF
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Brian Rosen · License #License(s): FL: SL 3189020
(954) 245-3513
Source:
Marcusmillichap
Added: Apr 16
Changed: Sep 4
Last Checked: Sep 10 at 5:25AM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This property presents a rare opportunity to acquire a 15-year absolute net lease in the downtown Delray Beach market, featuring a strong performing restaurant concept. Situated one block south of the intersection of Pineapple Grove and Atlantic Avenue, the property is positioned for growth. Upcoming developments include 200 apartments across the street and 38 townhomes one block to the south, in addition to the new Sundy House development to the west. The property size is 6461 square feet.
Key Highlights
- 15‑year absolute net lease in downtown Delray Beach.
- Strong performing restaurant concept.
- Located one block south of Pineapple Grove and Atlantic Avenue.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,590
Businesses Nearby
130k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Hotels & Casinos 33%
Shops & Services 20%
Apparel 11%
The Ray Hotel Delray Beach, Curio Collection by Hilton
Hotels & Casinos
23,390 visits/mo
0.4 miles
Starbucks
Dining
11,158 visits/mo
0.2 miles
Anthony's Coal Fired Pizza
Dining
9,998 visits/mo
0.4 miles
BankUnited
Shops & Services
9,864 visits/mo
0.2 miles
Sunoco
Shops & Services
9,718 visits/mo
0.2 miles
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - 15-year net lease in downtown Delray Beach.
Where is this conventional restaurant located?
The property is located at 166 SE 2nd Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $6,150,000.
What are key features of this property?
This property features: 15‑year absolute net lease in downtown Delray Beach.; Strong performing restaurant concept.; Located one block south of Pineapple Grove and Atlantic Avenue.
