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Property profile & analytics
OFF-MARKET
Drive through restaurants

92661 Overseas Hwy Tavernier, FL 33070-2761

1,796 SF 0.43 ac lot Built 1973
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-0108646
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving franchise restaurant and accompanying real estate in the desirable Tavernier, Florida location at 92661 Overseas Highway. The free-standing building boasts a highly sought-after drive-through, a significant advantage in this market. Currently operating as a successful franchise with a full lunch and dinner menu, the business generates a substantial net income, yielding an approximate 10% return on the asking price of $2,400,000 with minimal owner involvement. A capable general manager is in place, and the majority of employees are committed to continuing under new ownership. The sale includes all furniture, fixtures, and equipment. Strategically positioned in a median location, the property enjoys excellent visibility and benefits from its proximity to the new Tavernier Publix supermarket and over eighty planned new housing units, ensuring a robust customer base. Convenient access to northbound and southbound traffic further enhances its appeal. The limited competition for soft-serve ice cream and the established presence of a popular ice cream brand add to the property's value. The ample parking on the large lot caters to the needs of customers. The current franchise agreement has approximately 11 years remaining, offering long-term stability. However, the franchise is optional, allowing for flexibility in future operations and potential conversion to another restaurant concept. This turnkey business presents a rare opportunity to acquire a profitable enterprise with significant growth potential in a prime location.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1973
Total area 1,796 SF
Lot 0.43 ac (18,620 SF)
APN 00490210-000100
UPID US18-0108646
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Nekhaila Group INC · 6 yrs held
Nekhaila Group INC
since 2019
7 recorded transactions
2019
$865,000
2019
$100
2017
Price N/A
2006
$1.2M
2006
Price N/A
1996
$500,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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