Adjoining Turn-Key Restaurant
For Sale
$5,499,000
706 E Brandon Boulevard BRANDON, Brandon, FL 33511
Two adjoining restaurant properties are sold together, with direct Highway 60 frontage and turn-key furniture, fixtures, and equipment included.
Property Size12,247 SF
Lot Size0.80 Acres
Price / SF$542.84
Days on Market45
Property Features for 706 E Brandon Boulevard BRANDON
General Information
Standard status
Active
Size
12,247 SF
Lot size
0.80 Acres
Zoning
CG
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$11,248
Amenities
Other
true
1
Public Records
Oak Trees
Central Business District,Curb and Gutters,Landscaped,Oversized Lot
Public
36300
0.84
2
false
Common
Paved,Asphalt
Slab
Street Paved,Divided Highway,Main Throrughfare,State Road
12247
Public Maintained Road
Building Details
Building Size
12,247 SF
Year Built
1982
Buildings
1
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Frederick "Rick" Crowdus
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 4
Changed: Aug 15
Last Checked: Aug 16 at 3:21AM
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 Frederick "Rick" Crowdus
Investment Insights
Based on property information with market context.
This sale includes two adjoining restaurants available only as a combined purchase: the subject property at 706 E Brandon Boulevard and the adjacent restaurant property at 704 E Brandon Boulevard. The offering is provided with all owned furniture, fixtures, and equipment, creating a turn-key operation ready for a new owner. The building includes a roomy kitchen, two separate dining rooms (one with a bar), and a large outdoor seating area. The property includes a large asphalt parking lot with easy access and egress, and seating is currently set for approximately 180 patrons. The establishment currently serves beer, wine, and liquor and is open seven days per week, featuring Mexican cuisine.
The property has direct frontage on Brandon Boulevard (Highway 60) in the heart of Brandon and is located directly across the street from Nativity Catholic Church’s campus on Highway 60. A common owner shares a parking lot with the property to the west (Crafty Crab), with direct access via Ridgewood Ave. and a lighted intersection at Ridgewood and Highway 60.
The property has direct frontage on Brandon Boulevard (Highway 60) in the heart of Brandon and is located directly across the street from Nativity Catholic Church’s campus on Highway 60. A common owner shares a parking lot with the property to the west (Crafty Crab), with direct access via Ridgewood Ave. and a lighted intersection at Ridgewood and Highway 60.
Key Highlights
- Two adjoining restaurant properties sold together only; includes adjacent restaurant property at 704 E Brandon Blvd
- Direct frontage on Highway 60 in the heart of Brandon, second to Nativity Catholic Church’s campus
- Includes owned furniture, fixtures, and equipment; property is currently owner occupied and open 7 days per week
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
$168,004
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
3.06%
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%
$3,360,080
$3.4M
Cap Rate 7%
$2,400,057
$2.4M
Cap Rate 9%
$1,866,711
$1.9M
Market Conditions
NOI Build-Up for 10,130 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
$237.0K $23.40/SF
− Vacancy
−$13.0K −$1.29/SF
EGI
$224.0K $22.11/SF
− OpEx
−$56.0K −$5.53/SF
NOI
$168.0K $16.58/SF
Area
Brandon, FL
Vacancy
5.50%
Lease Rate
$23.40 /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%
$3,360,080
Cap Rate 7%
$2,400,057
Cap Rate 9%
$1,866,711
Alternative Uses
Best Use
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,004 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.45M
NOI $266,751 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,428
Businesses Nearby
258k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 33%
Office Supplies 3%
Beauty & Spa 1%
Thorntons
Shops & Services
37,808 visits/mo
0.4 miles
McDonald's
Dining
31,800 visits/mo
0.3 miles
7-Eleven
Shops & Services
19,557 visits/mo
0.5 miles
Wendy's
Dining
16,917 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,927 visits/mo
0.5 miles
Demographics for 33511, FL
56,627
Population
24,579
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,539
Density / Sq Mi
$77,383
Median Household Income
$44,521
Median Earnings
$1,684
Median Rent
$324,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two adjoining restaurant properties are sold together, with direct Highway 60 frontage and turn-key furniture, fixtures, and equipment included.
Where is this conventional restaurant located?
The property is located at 706 E Brandon Boulevard BRANDON Brandon, FL.
What is the asking price?
The asking price for this property is $5,499,000.
What are key features of this property?
This property features: Two adjoining restaurant properties sold together only; includes adjacent restaurant property at 704 E Brandon Blvd; Direct frontage on Highway 60 in the heart of Brandon, second to Nativity Catholic Church’s campus; Includes owned furniture, fixtures, and equipment; property is currently owner occupied and open 7 days per week
