Premier Sports Bar Tavern And Restaurant Okeelanta, FL 33493
- Retail properties
- 50,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Premier Sports Bar Tavern And Restaurant
- Property size
- 50,000 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
Exceptional investment opportunity: a thriving, established sports bar and restaurant in South Bay, Florida. This turnkey operation boasts a 50,000 square foot space, including a 2,000 square foot interior and a 3,000 square foot covered patio, ensuring year-round appeal. The property operates under a highly favorable 30-year NNN lease with a base rent of $3,700 per month and modest 3% annual increases. Financial performance is outstanding, with nearly $2.9 million in top-line sales during its first year and a net EBITDA of $776,000 in 2022 and $691,000 in 2023. Located in Palm Beach County (zip code 33493), this single-tenancy retail property is zoned for restaurant/bar use and currently enjoys 100% occupancy. The asking price is $2,950,000, representing a price per square foot of $59. This presents a rare chance to acquire a profitable, established business with significant long-term growth potential in a desirable South Florida location. The property is easily accessible and benefits from a strong local customer base and high visibility. This is a truly exceptional opportunity for a savvy investor seeking a stable and high-return investment.
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Location Insight
- Map
- Local Demand
- City
- Okeelanta
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.7104
- Latitude
- 26.5287
