Leased Restaurant with Patio
188 E Granada Boulevard Ormond Beach, FL 32176
For Sale
Contact for pricing
Fully leased restaurant suite with dining room seating for 54 and rear patio for 27, plus full commercial kitchen.
Days on Market104
Property Features for 188 E Granada Boulevard
General Information
- Standard status
- Active
- Property subtype
- Special Purpose
Listing Agency:
Selby Realty Inc.
(386) 295-3313
Listed By:
Kyle Selby · License #SL3248500
Source:
Crexi
Added: Apr 11
Changed: Jul 23
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
Location Intelligence
Current Use by Public Records
Gili's Kitchen Ormond ...
Take-out & Catering
FAQs
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
