Restaurant
The Standard Delray Beach
166 SE 2nd Ave, Delray Beach, FL 33444
Listing Price: $6,500,000
Investment Overview
This is a rare opportunity to secure a 15 year absolute net lease in the sought after downtown Delray Beach market with a strong performing restaurant concept. The property sits just one block south of the strongest intersection in the entire City Pineapple Grove and Atlantic Avenue, The property is positioned in the right area for immediate growth with 200 apartments being developed just across the street and another 38 townhomes a block to the south as well as the new Sundy House development just to the west.
Exclusively Listed By
Listing Price: $6,500,000
Investment Highlights
- New 15 year Absolute Net Lease - 420K a year Net Revenue
- Strong Operator with multiple locations and reports sales at this location close to 5 million
- Percentage Rent Clause provides hedge against inflation as tenant operates at below market rents.
Investment Overview
This is a rare opportunity to secure a 15 year absolute net lease in the sought after downtown Delray Beach market with a strong performing restaurant concept. The property sits just one block south of the strongest intersection in the entire City Pineapple Grove and Atlantic Avenue, The property is positioned in the right area for immediate growth with 200 apartments being developed just across the street and another 38 townhomes a block to the south as well as the new Sundy House development just to the west.
Exclusively Listed By
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