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    Retail properties & Spaces

    0 2 Neighborhood Bar & Grill For Sale In The Panhandle, Allentown, FL 32570

    5,800 SF Built 2019
    Property ID
    Property summary
    AI-generated overview

    This exceptional offering presents two thriving neighborhood bar and grills located in the rapidly growing Santa Rosa County, Florida (zip code 32570). Both establishments boast impressive 2023 sales exceeding $1,938,280, generating substantial seller discretionary earnings of over $332,277. Built in 2019 and 2022 respectively, these fully operational businesses occupy a combined 5,800 square feet of space, with individual footprints of 2,000 and 3,800 square feet. Each location features extensive bar and kitchen equipment, including multiple refrigerators, freezers, grills, fryers, and ample seating for patrons. The well-established menus and prime locations contribute to consistent sales and strong brand loyalty. Both locations benefit from highly visible positions in growing areas, complemented by excellent 4.8-star Google ratings and a loyal customer base. The current leases, extending until August 31, 2029, offer favorable terms with monthly rent significantly below market value at $2,400 and $2,700 respectively (inclusive of CAM fees). Each location holds four COP SFS liquor licenses. The sale includes the option for owner training, with one owner potentially remaining post-sale to ensure a smooth transition. This presents a rare opportunity to acquire two established, profitable businesses in a booming market, ideally suited for an owner-operator or investor. The businesses are also qualified for SBA lending. Nine employees are currently on staff.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2019
    Total area 5,800 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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