20465 Fl-7, Boca Raton, FL 33498

Property Details for 20465 Fl-7

Year built

1990

Lot size

0.45 lot acres

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 9,346 square foot Duffy's Sports Grill located in Boca Raton, Florida. The property sits on a 0.45-acre lot at a premier signalized intersection with over 95,000 cars daily, boasting a strong corporate guarantee and a 12.5-year remaining lease term (with five 5-year renewal options). The Class B, single-tenant, net-lease property features a 5.00% cap rate and a $7,461,000 asking price ($798.31/sq ft). Built in 1990, this waterfront restaurant benefits from its location within Mission Bay Plaza, alongside established retailers like The Fresh Market, LA Fitness, and Dick's Sporting Goods. The property enjoys 100% occupancy and a substantial NOI of $373,065. The surrounding area is characterized by high-income demographics, with over 200,000 residents within a 5-mile radius and an average household income exceeding $133,000 within a 1-mile radius. Nearby luxury developments, such as Lotus Edge and Lotus Palm, further enhance the property's value and potential for future growth. The property's zoning is CG, and rent bumps are included in the lease. This is a truly exceptional opportunity to acquire a management-free, high-performing asset in a prime Boca Raton location. The property's attractive lakefront patio adds to its appeal, making it a desirable destination for both locals and tourists. This investment offers long-term stability and significant return potential in a thriving market.

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Longitude

-80.205

Latitude

26.3694