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Restaurant

Hook Fish Chicken Annual Rent Increases Home Depot Outparcel

7041 N Seacrest Blvd, Lantana, FL 33462

Listing Price: $2,500,000

Cap Rate
4.05%
Tenant Name
Hook Fish and Chicken
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
816
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$124.21

Investment Overview

Marcus & Millichap is pleased to present for sale this Hook Fish & Chicken Restaurant located at 7041 Seacrest Boulevard, Lantana, Florida 33462. Lantana is a town in Palm Beach County, 37 miles north of Ft. Lauderdale and part of the Miami Metropolitan Area with a population of over 10,423. his property is just a short 5-minute drive from Palm Beach International Airport. The subject property consists of a 957 square foot restaurant with drive thru window, ample parking and an outside seating area and is strategically located on Hypoluxo Road with combined daily traffic counts in excess of 43,318 and benefits from over 254,000 full time residences with a household income exceeding $65,000 annually. Numerous apartment complexes surround this Hook Fish & Chicken Restaurant including 4 minutes away Aura Seaside Apartments with 250 units, The View at Water’s Edge with 404 units, Manor Lantana with 345 units, Preserve at Boynton Beach with 122 units and Emerald Lakes with 587 units. Only nine minutes from this property is Palm Beach State College with 26,266 enrolled students and 8 minutes away is Santaluces Community High School with 2,651 students. This property benefits from a .67 acre parcel and there are numerous National and Regional retailers in the immediate area including Mobil, Race Trac, Taco Bell, Tire Kingdom, Wendy’s, Family Dollar, Popeye’s, Chevron, Holiday Inn and Shell among others.

Investment Highlights

  • 10 Year NNN Lease with Strong Annual Rent Increases
  • Situated as an Outparcel to a New Home Depot (Starting Construction Soon)
  • Restaurant Located Short 5 Minute Drive From Palm Beach Airport
  • Numerous National & Regional Retailers in the Immediate Area Including Mobil, Race Trac, Taco Bell, Tire Kingdom, Family Dollar, Chevron, Holiday Inn and Shell Among Others

Exclusively Listed By

Financing By

Restaurant

Hook Fish Chicken Annual Rent Increases Home Depot Outparcel

Listing Price: $2,500,000

Cap Rate
4.05%
Tenant Name
Hook Fish and Chicken
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
816
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$124.21

Investment Highlights

  • 10 Year NNN Lease with Strong Annual Rent Increases
  • Situated as an Outparcel to a New Home Depot (Starting Construction Soon)
  • Restaurant Located Short 5 Minute Drive From Palm Beach Airport
  • Numerous National & Regional Retailers in the Immediate Area Including Mobil, Race Trac, Taco Bell, Tire Kingdom, Family Dollar, Chevron, Holiday Inn and Shell Among Others

Investment Overview

Marcus & Millichap is pleased to present for sale this Hook Fish & Chicken Restaurant located at 7041 Seacrest Boulevard, Lantana, Florida 33462. Lantana is a town in Palm Beach County, 37 miles north of Ft. Lauderdale and part of the Miami Metropolitan Area with a population of over 10,423. his property is just a short 5-minute drive from Palm Beach International Airport. The subject property consists of a 957 square foot restaurant with drive thru window, ample parking and an outside seating area and is strategically located on Hypoluxo Road with combined daily traffic counts in excess of 43,318 and benefits from over 254,000 full time residences with a household income exceeding $65,000 annually. Numerous apartment complexes surround this Hook Fish & Chicken Restaurant including 4 minutes away Aura Seaside Apartments with 250 units, The View at Water’s Edge with 404 units, Manor Lantana with 345 units, Preserve at Boynton Beach with 122 units and Emerald Lakes with 587 units. Only nine minutes from this property is Palm Beach State College with 26,266 enrolled students and 8 minutes away is Santaluces Community High School with 2,651 students. This property benefits from a .67 acre parcel and there are numerous National and Regional retailers in the immediate area including Mobil, Race Trac, Taco Bell, Tire Kingdom, Wendy’s, Family Dollar, Popeye’s, Chevron, Holiday Inn and Shell among others.

Exclusively Listed By

Financing By

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