Leased Restaurant with Patio
For Sale
Contact for pricing
188 E Granada Boulevard, Ormond Beach, FL 32176
Fully leased restaurant suite with dining room seating for 54 and rear patio for 27, plus full commercial kitchen.
Property SizeContact for details
Days on Market123
Property Features for 188 E Granada Boulevard
General Information
Standard status
Active
Property subtype
Special Purpose
Occupancy
100%
Site & Location
Traffic Count
24,000 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
6%
Commercial Hood
Yes
Listing Agency:
Selby Realty Inc.
(386) 295-3313
Listed By:
Kyle Selby · License #SL3248500
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 6:10PM
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 Selby Realty Inc.
Investment Insights
Based on property information with market context.
This fully leased, income-producing restaurant space is configured with a large dining room that seats 54 customers inside and an additional rear patio seating area for 27. The property includes a full commercial kitchen with equipment such as a 3-compartment sink, gas oven, grill, fryer, and hood. Natural gas is provided to the building through TECO, and additional equipment is identified as tenant-provided. A new 36-month lease is effective 8/1/23 with one additional three-year option at mutually agreed terms, and the business is not for sale.
The property is offered for sale as real estate only, with instructions that the tenant should not be disturbed and showings require contacting the listing agent. Public remarks note substantial visibility along E Granada Blvd with 24,000+ average daily traffic. Roof and HVAC were replaced in 2019, and the offering is described as approximately a 6.0% cap rate, subject to buyer due diligence.
The property is offered for sale as real estate only, with instructions that the tenant should not be disturbed and showings require contacting the listing agent. Public remarks note substantial visibility along E Granada Blvd with 24,000+ average daily traffic. Roof and HVAC were replaced in 2019, and the offering is described as approximately a 6.0% cap rate, subject to buyer due diligence.
Key Highlights
- Fully leased restaurant space with brand new 36‑month lease effective 8/1/23 plus one three‑year option
- Dining room seating for 54 customers, plus rear patio seating for 27
- Full commercial kitchen includes 3‑compartment sink, gas oven, grill, fryer, and hood
Property Analytics
Property Profile
Current Use
Lease Details
24,000 VPD
Traffic count
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 38%
Shops & Services 6%
Publix
Groceries
23,013 visits/mo
0.2 miles
Starbucks
Dining
16,804 visits/mo
0.1 miles
Outback Steakhouse
Dining
10,084 visits/mo
0.1 miles
Stonewood Grill & Tavern
Dining
5,958 visits/mo
0.2 miles
Truist
Shops & Services
3,559 visits/mo
0.1 miles
Demographics for 32176, FL
14,410
Population
10,329
Households
1.4
Avg Household Size
59
Median Age
38%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
2,528
Density / Sq Mi
$72,248
Median Household Income
$39,529
Median Earnings
$1,436
Median Rent
$368,400
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 - Fully leased restaurant suite with dining room seating for 54 and rear patio for 27, plus full commercial kitchen.
Where is this conventional restaurant located?
The property is located at 188 E Granada Boulevard Ormond Beach, FL.
What are key features of this property?
This property features: Fully leased restaurant space with brand new 36‑month lease effective 8/1/23 plus one three‑year option; Dining room seating for 54 customers, plus rear patio seating for 27; Full commercial kitchen includes 3‑compartment sink, gas oven, grill, fryer, and hood
