Restaurant Space in Jensen
For Sale
Contact for pricing
3305-3359 NW Main Ave, Jensen Beach, FL
Fully equipped restaurant space with 20-year lease in Jensen Beach.
Property Size1,200 SF
Lot Size2.14 Acres
Price / SF$165.83
Days on Market1118
Property Features for 3305-3359 NW Main Ave
General Information
Standard status
Active
Size
1,200 SF
Lot size
2.14 Acres
Property subtype
RETAIL
Listing Agency:
Jeremiah Baron & Co.
(772) 286-5744
Listed By:
Matthew Mondo · License #SL3445909
(772) 236-7780
Source:
Moodyscre
Added: Aug 23, 2023
Changed: Sep 4
Last Checked: Sep 13 at 10:27AM
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 Jeremiah Baron & Co.
Investment Insights
Based on property information with market context.
This property offers an opportunity to acquire the 20-year lease for a fully equipped restaurant space located in Jensen Beach. The 1,200-square-foot restaurant includes a pizza oven, walk-in cooler, 3-compartment sink, commercial mixer, and stainless steel prep tables. The restaurant also features a check-out/take-out counter, indoor seating, and a grease interceptor. The surrounding area includes the Treasure Coast Mall, various national and local retailers, and residential properties.
Key Highlights
- Fully equipped restaurant space ready for immediate operation.
- Includes valuable equipment: pizza oven, walk‑in cooler, commercial mixer, and more.
- 20‑year lease available.
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
$16,070
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
8.08%
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%
$321,400
$321.4K
Cap Rate 7%
$229,571
$229.6K
Cap Rate 9%
$178,556
$178.6K
Market Conditions
NOI Build-Up for 1,200 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
$23.0K $19.20/SF
− Vacancy
−$1.6K −$1.34/SF
EGI
$21.4K $17.86/SF
− OpEx
−$5.4K −$4.46/SF
NOI
$16.1K $13.39/SF
Area
Martin County, FL
Vacancy
7.00%
Lease Rate
$19.20 /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%
$321,400
Cap Rate 7%
$229,571
Cap Rate 9%
$178,556
Alternative Uses
Best Use
Retail
$315.3K
$275.9K – $367.8K
NOI $22,068 @ 7.0% cap · market cap 11.09%
Second Best
Specialty Retail
$229.6K
$200.9K – $267.8K
NOI $16,070 @ 7.0% cap · market cap 8.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
500k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Apparel 29%
Shops & Services 26%
Home Improvements & Furnishings 9%
Macy's
Apparel
52,090 visits/mo
0.5 miles
McDonald's
Dining
37,806 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
37,183 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
36,816 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
34,191 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Fully equipped restaurant space with 20-year lease in Jensen Beach.
Where is this restaurant located?
The property is located at 3305-3359 NW Main Ave Jensen Beach, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully equipped restaurant space ready for immediate operation.; Includes valuable equipment: pizza oven, walk‑in cooler, commercial mixer, and more.; 20‑year lease available.
