313 Duval St - Restaurant FOR SALE


Key West, FL 33040
$14,000,000 USD
786-522-7027
313 Duval St, Key West, FL for Sale
$14,000,000 USD
Restaurant - FOR SALE
1/8
null | 6.08% Cap Rate

313 Duval St
Key West, FL 33040


HIGHLIGHTS

  • Hard Rock Café International began operating at this location in September 1996. For nearly 30 years, it has been a Duval Street staple.
  • The Hard Rock Café lease is NNN, offering minimal landlord responsibilities and featuring attractive annual CPI-based rent increases
  • Backed by a corporate guarantee from Hard Rock Café International—an S&P BBB-rated entity with over 248 venues locations across more than 76 countries
  • Situated in the 100–300 block of Duval Street, this location benefits from over 2.2 mill annual tourists and is just minutes from the Key West cruises
  • With over 2.2m annual tourist, the Hard Rock Café Key West offers weekly live music events attracting thousands of guest weekly
  • This property sits on a 17,196 SF lot—one of the largest on Duval Street—and features a rare on-site amenity: 12 dedicated parking spaces

OVERVIEW

Marcus & Millichap is pleased to present the sale of Hard Rock Café, located at 313 Duval St, Key West, FL 33040. The offering features a long-standing Hard Rock Café location in the heart of Key West, operating since 1996 and backed by a corporate guarantee from Hard Rock Café International, an S&P BBB-rated entity with over 248 venues across 76 countries. The lease is NNN, ensuring minimal landlord responsibilities and attractive CPI-based annual rent increases. Situated in the high-traffic 100–300 block of Duval Street, the property benefits from over 2.2 million annual tourists and proximity to the Key West cruise ship terminal. The Hard Rock Café also draws thousands of weekly visitors with live music events, further reinforcing tenant stability. The asset sits on a rare 17,196 SF lot—among the largest on Duval Street—and includes 12 dedicated parking spaces, a premium amenity in this supply-constrained market. With strong tenant credit, prime location, and enduring tourist demand, this property offers investors a rare opportunity to acquire a trophy asset in one of Florida’s most visited destinations.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$1,820 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hard Rock Café - Key West

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,196 SF

ZONING

HRCC1

APN/PARCEL ID

00004300-000000

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

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Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.