100 State Road 7 Royal Palm Beach, FL 33411
Sponsored
Florida QSR Investment, Strong ROI
Property size:
3,267 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 391
Property Features for 100 State Road 7
General Information
- Property type
- Restaurants
- Square Feet
- 3,267 SF
- Lot Size
- 56,628 SF
Building Details
- Year Built/Renovated
- 2022/2022
- Buildings
- 1
- Stories
- 1
- Units
- 1
HighLights
- $6,700,000 Asking Price for a Net Leased Raising Cane's in Royal Palm Beach, FL.
- 15‑year NNN lease with a corporate guarantee, commencing August 21, 2022, and expiring August 20, 2037 (13.1 years remaining).
- 3,267 square foot building on a 1.3‑acre lot, built in 2022.
- 100% occupancy with a current NOI of $250,000 and a 3.75% cap rate.
- Strong tenant: Raising Cane's, a rapidly growing fast‑food chain with over 749 locations and exceeding $2.28B in annual revenue. This location is a top performer.
- Excellent location with high traffic counts (over 115,000 cars daily) and a dense population (over 193,000 people within a 5‑mile radius). Rent bumps at 10% every 5 years. Broker co‑op available.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Royal Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.20171847
- Latitude
- 26.68187185
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Florida QSR Investment, Strong ROI
Where is this restaurant located?
The property is located at 100 State Road 7 Royal Palm Beach, FL.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: $6,700,000 Asking Price for a Net Leased Raising Cane's in Royal Palm Beach, FL.; 15-year NNN lease with a corporate guarantee, commencing August 21, 2022, and expiring August 20, 2037 (13.1 years remaining).; 3,267 square foot building on a 1.3-acre lot, built in 2022.
