500 Woolbright Rd Boynton Beach, FL 33435
- Retail properties
- 3,500 SF
Current Use by Public Records
- Boynton Diner / Diner / Breakfast Restaurant
Property Details for 500 Woolbright Rd
- Property size
- 3,500 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This thriving Boynton Beach restaurant, located at 500 E Woolbright Rd, is offered for sale at $375,000. Boasting impressive sales of $970,000 in 2023 and projected to exceed $1,000,000 annually, this turnkey operation is fully equipped with all necessary kitchen and dining equipment, free of liens. The 3,500 square foot space offers 120-150 seats, encompassing both indoor and outdoor dining areas. A new 10-year lease is in place at a competitive $37 per square foot NNN, translating to approximately $130,000 annual base rent. The property benefits from a high-traffic location, ensuring consistent customer flow. This presents a unique opportunity for seamless entry into the restaurant market or portfolio expansion. The property is a single-tenant, NNN lease, with 100% occupancy. The sale price equates to $107.14 per square foot. This established business is ready for a new owner to continue its success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boynton Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0615
- Latitude
- 26.5142
