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801 Atlantic Ave Delray Beach, FL 33483

OFF-MARKET Commercial real estate Google Maps
2,263 SF Built 2023
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Year built 2023
Total area 2,263 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bridge
  • Travel Agency Tour Operator
  • Shipping Company

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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