7041 Seacrest Blvd - Restaurant FOR SALE


Lantana, FL 33462
$2,400,000 USD
561-371-7616
7041 Seacrest Blvd, Lantana, FL for Sale
$2,400,000 USD
Restaurant - FOR SALE
1/7
null | 4.29% Cap Rate

7041 Seacrest Blvd
Lantana, FL 33462


HIGHLIGHTS

  • Single-tenant absolute NNN QSR investment
  • 10-year lease expiring February 2034
  • 1.5% annual rent escalations
  • Full-term personal guaranty
  • Full Hypoluxo Road frontage and signage visibility - adjacent to I-95
  • Surrounded by established national retailers, QSRs and daily-needs destinations

OVERVIEW

NAI/Merin Hunter Codman is pleased to present 7041 Seacrest Boulevard, a single-tenant net lease quick-service restaurant investment opportunity in Lantana, Palm Beach County, Florida. The ±971-square-foot freestanding QSR is situated on ±0.66 acres and is leased to Snapper’s Fish & Chicken under an absolute NNN lease. The 10-year lease expires in February 2034 and includes 1.5% annual rent escalations, providing investors with built-in income growth and a passive ownership structure. Built in 2018, the property features a dedicated drive-thru lane and service window, outdoor patio seating, surface parking, and prominent building and monument signage. The site offers full frontage and signage along Hypoluxo Road, convenient ingress and egress, and immediate access to I-95. The property is positioned within an established retail and restaurant corridor surrounded by national and daily-needs retailers. Nearby businesses include The Home Depot, Popeyes Louisiana Kitchen, Taco Bell, Mobil, Wendy’s, and other established operators. Approximately 277,650 people live within five miles of the property, with an average household income of approximately $110,762. For more information about this retail investment opportunity, call Bruce Corn at (561) 471-8000.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$2,472 USD /SF

CAP RATE

4.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Tenant NNN Lease QSR Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

CG

APN/PARCEL ID

00-43-45-09-23-000-0031

ASK ABOUT THIS PROPERTY

Bruce CornNAI Merin Hunter Codman, Inc.More Info
561-371-7616

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Bruce CornNAI Merin Hunter Codman, Inc.More Info
561-371-7616

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