Investment Overview

Marcus & Millichap is pleased to present for sale this Former Checkers site located at 500 Yamato Road in Boca Raton, Florida. Boca Raton is a city in Palm Beach County, and it ranked as the 23rd largest city in Florida. A part of South Florida, Boca Raton is 45 miles north of Miami and a principal city in the Miami Metropolitan Area, which has a population of 6,012,331. As a business center, the city also experiences significant daytime population increases. Boca Raton is centered around luxury beach culture with many malls and shopping centers including the Town Center at Boca Raton. It is home to the main campus of Florida Atlantic University and the Evert Tennis Academy. The property consists of a ±32,086 SF (0.74 acres) developed land parcel with a 1-story, ±750 SF restaurant with drive-thru with two points of ingress/egress on Yamato Road and NE 51st Ave. It is strategically located on Yamato Road and NE 51st Street with 26,000 vehicles per day and less than 1-Mile east of Interstate 95. The property is surrounded by many multi-million-dollar homes and businesses. There is over one million square feet of office space within a half mile radius of the subject property with a low 4.7% vacancy rate. Top companies based in Boca Raton include Office Depot, with a 28 acre campus, The GEO Group, Friend Finder Network, consumer products company Jarden and e-retailer Vitacost. Boca Raton is an affluent community with an average household income exceeding $125,000 with a population of 162,250 within a 5-mile radius of the property. Many colleges and universities are a few minutes from this property including Florida Atlantic University one mile away with student enrollment of 24,861, Everglades University two miles away with student enrollment 1,498, and Lynn University four miles away with an enrollment of 2,640. Shopping malls and shopping centers nearby include Shoppers Haven Shopping Center, Fifth Avenue Shops, The Shops at University Park, Boca Raton Shopping Center, Shoppes of Blue Lake and Dumar Plaza. There are many national and regional retailers in the immediate area including Aldi, Dunkin’, Truist, First Citizens Bank, CVS, Mobil, Panera Bread, Publix, Bank of America and O’Reilly Auto Parts among others.