801 Atlantic Ave Delray Beach, FL 33483

Property Details for 801 Atlantic Ave

Year built

2023

Property size

2,263 SF

Property type

Commercial real estate

Description

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.