Property summary
This exceptional Delray Beach restaurant and bar is situated on a high-traffic corner of Atlantic Avenue, boasting 2,263 square feet of space. Built in 2023 and renovated in 2022, the property features a fully equipped kitchen and bar, including a new hood system, walk-in refrigeration, and a brand-new HVAC system. The ADA-compliant space also includes a patio area adding approximately 275 square feet. Ample rear parking is available. The current lease is a triple net (NNN) agreement with 8 years remaining on an 18-year term, expiring September 19, 2041, and includes a 10-year renewal option. Rent is $12,000 per month, with 3% annual rent bumps to the base. The property is zoned for restaurant/bar use and benefits from exceptional visibility and foot traffic in a vibrant area with over 20,000 vehicles passing daily. Located just 10 minutes from the beach and near I-95 Exit 52, the property is surrounded by a robust and affluent demographic, with over 90,000 people within a 3-mile radius and an average household income exceeding $79,100 within a 1-mile radius. This is an asset sale priced at $850,000. A complete equipment list is available upon request. This represents a rare opportunity to acquire a thriving business in a prime Delray Beach location.
Property profile
VerifiedCap rate & NOI
Current use
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Bridge
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Travel Agency Tour Operator
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Shipping Company
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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