Single-Tenant Greek Diner with
For Sale
Contact for pricing
Pending
3291 SW Martin Downs Blvd, Palm City, FL 34990
Greek diner on a large parcel off a signalized intersection with a 15-year absolute net lease.
Days on Market111
Property Features for 3291 SW Martin Downs Blvd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Issenberg Britti Group
(786) 522-7017
Listed By:
Gabriel Britti · License #FL SL3211804
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 29 at 12:28PM
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 - Issenberg Britti Group
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present for sale this Pylos Greek Diner located at 3291 SW Martin Downs Blvd. The property consists of a 5,529-square-foot restaurant on a large 1.65-acre parcel. The site is situated just off a signalized intersection of SW Martins Hwy and SW Martin Downs Hwy.
The surrounding area includes multiple brand new luxury home developments, as well as nearby multi-family and educational uses. The traffic counts referenced in the remarks indicate over 40,000 vehicles per day on the adjacent highway network.
The property is offered with a 15-year lease in place, including three, five-year options to renew. Rent is scheduled to increase by 10% every five years, including the option periods. The lease is described as an Absolute Net Lease and is guaranteed by a four-unit operating company.
The surrounding area includes multiple brand new luxury home developments, as well as nearby multi-family and educational uses. The traffic counts referenced in the remarks indicate over 40,000 vehicles per day on the adjacent highway network.
The property is offered with a 15-year lease in place, including three, five-year options to renew. Rent is scheduled to increase by 10% every five years, including the option periods. The lease is described as an Absolute Net Lease and is guaranteed by a four-unit operating company.
Key Highlights
- 5,529 SF Pylos Greek Diner on a 1.65‑acre parcel in Palm City, FL, at 3290 SW Martin Downs Boulevard
- 15‑year absolute net lease with three, five‑year renewal options and 10% rent increases every five years (including option periods)
- Lease is guaranteed by a four‑unit operating company
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 15%
Home Improvements & Furnishings 10%
Wawa
Shops & Services
31,264 visits/mo
0.1 miles
Mobil
Shops & Services
15,368 visits/mo
0.1 miles
Dunkin' Donuts
Dining
9,912 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
6,922 visits/mo
0.1 miles
Exxon
Shops & Services
3,562 visits/mo
0.4 miles
Demographics for 34990, FL
31,160
Population
13,641
Households
2.3
Avg Household Size
51
Median Age
49%
College-Educated
97%
High-School Grad
103.0 sq mi
ZIP Area
303
Density / Sq Mi
$120,407
Median Household Income
$56,905
Median Earnings
$1,958
Median Rent
$558,300
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 - Greek diner on a large parcel off a signalized intersection with a 15-year absolute net lease.
Where is this conventional restaurant located?
The property is located at 3291 SW Martin Downs Blvd Palm City, FL.
What are key features of this property?
This property features: 5,529 SF Pylos Greek Diner on a 1.65‑acre parcel in Palm City, FL, at 3290 SW Martin Downs Boulevard; 15‑year absolute net lease with three, five‑year renewal options and 10% rent increases every five years (including option periods); Lease is guaranteed by a four‑unit operating company
