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Commercial Land
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Former Ambiance Bistro - 6298 N. Federal Highway,
Boca Raton, FL 33431
Property Type: Retail Restaurant
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Building Size: 5,000 SF |
| Price: $3,000,000 |
Price/SF $600.00 |
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| Property Description: FREESTANDING RESTAURANT
WITH LARGE BAR - 151 SEATS - 4COPSRX LIQUOR LICENSE -
WOOD BURNING OVEN - APPROX. 5,000 SQUARE FEET - 1 1/4
ACRES OF PRIME REAL ESTATE |
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Roxy's - 309 Clematis Street, West Palm Beach, FL
33401
Property Type: Retail Street Retail
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| Year Built: 1896 |
Building Size: 14,478 SF |
| Price: $3,000,000 |
Price/SF $207.21 |
| Occupancy: 100% |
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| Property Description: Two story building
with 7122 sq.ft. of first floor restaurant or retail and
7356 sq.ft. of second floor nightclub or office. Effective
year built is 1980. |
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Whistle Junction Buffet Restaurant - 2775 Lake Alfred
Rd., Winter Haven, FL 33881
Property Type: Retail Restaurant
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| Year Built: 1987 |
Building Size: 9,558 SF |
| Price: $3,155,806 |
Price/SF $330.17 |
| Occupancy: 100% |
Cap Rate: 7.75% |
| Property Description: This investment consists
of the sale/lease-back of a buffet restaurant concept
at a competitive cap rate of 7.75%. The lease is absolute
triple-net, and is guaranteed by Osmar Corporation. The
restaurant is required to be converted/renovated into
a proven new concept by December 31, 2005. The tenant,
Banner Buffets LLC, is a joint venture between Osmar Corporation
and Martin Capital. Osmar brings restaurant operational
experience to the partnership, while Martin Capital brings
restaurant development experience and investment capital.
The lease structure is a twenty (20) year absolute, NNN
lease with three (3), five (5) year renewal options. The
lease is subject to 1.75% annual increases. Banner Buffets
LLC will be the tenant under the lease and Osmar Corporation
will be the guarantor. Whistle Junction will operate as
a family-oriented, buffet style theme restaurant. This
investment is part of an 11 property portfolio of identical
concepts, and is offered independently or in any combination
with other Florida locations. |
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NNN Leased Bennigan's Grill & Tavern - 7344 W Colonial
Drive, Orlando, FL 32818
Property Type: Retail Restaurant
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| Year Built: 1996 |
Building Size: 6,200 SF |
| Price: $3,300,000 |
Price/SF $532.26 |
| Occupancy: 100% |
Cap Rate: 7.50% |
| Property Description: The property is exclusively
represented by Tony Louie, Marcus & Millichap Real Estate
Investment Brokerage Company. Please contact for any inquiries.
Please do not disturb the tenant. The subject property
is a triple net leased (NNN) investment operated by Metromedia
Restaurant Group (MRG). MRG operates over 800+ restaurant
locations. The 15 year lease commenced in 1998 and also
includes 10% rental increases every five years. There
are 3 options to renew with each option at 5 years. On
the proposed financing, YEAR 1 total return after debt
service and principal reduction is 10.2% Initial CAP rate
of 7.50% increases to 8.30% in 2008. |
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2 Investment Gas Station / C-store / Retail (1)
- 11804 East Colonial Drive, Orlando, FL 32803
Property Type: Retail Service/Gas Station
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| Year Built: 2002 |
Building Size: 6,621 SF |
| Price: $3,400,000 |
Price/SF $513.52 |
| Occupancy: 100% |
Cap Rate: 8.50% |
| Property Description: Excellent Investment
Properties. Two Gas Stations with convenience stores and
retail suites located in prime areas of Orlando. Both
locations have 8 pumps 16 stations for gas and were built
in 2002. |
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Outdoor World Property - 3415 South Dixie Highway,
West Palm Beach, FL 33405
Property Type: Retail Free Standing Bldg
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| Year Built: 1955 |
Building Size: 10,000 SF |
| Price: $3,500,000 |
Price/SF $350.00 |
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| Property Description: The Outdoor World
property consists of an approximate 10,000 square foot
building on a .62 acre site stretching an entire block
of frontage on South Dixie Highway. The property has both
onsite and street parking. The property is perfect for
a single user or redevelopment! DO NOT VISIT THE BUSINESS
WITHOUT LISTING BROKER. THE BUSINESS IS NOT FOR SALE AND
WILL RELOCATE UPON SALE OF THE BUILDING. DO NOT INQUIRE
WITH BUSINESS EMPLOYEES. |
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West Atlantic - 633 West Atlantic Avenue, Delray
Beach, FL 33444
Property Type: Retail Retail (Other)
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| Year Built: 1965 |
Building Size: 12,281 SF |
| Price: $3,500,000 |
Price/SF $284.99 |
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| Property Description: Buildings included
in sale - 625, 633, 643 W Atlantic Ave. Located in West
Atlantic redevelopment area. Zoned General Commercial
-allowing commercial & residential use. Area is adjacent
to downtown area, & among other newly redeveloped homes
& businesses. Buildings are vacant. |
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CITGO GAS STATION/CONVENIENCE STORE - 7235 UINVERSITY
BLVD, WINTER PARK, FL 32792
Property Type: Retail Service/Gas Station
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| Year Built: 2000 |
Building Size: 3,110 SF |
| Price: $3,600,000 |
Price/SF $1,157.56 |
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Cap Rate: 12.66% |
| Property Description: SELLING BOTH REAL
ESTATE AND THE BUSINESS OPERATION. 24 HOUR FUEL SERVICE
AND CONVENIENCE CENTER. LARGE LOT 2.5 ACRES WITH ROOM
FOR EXPANSION. 20 SELF SERVICE PUMPS OVER 2 MILLION GALLONS
PUMPED ANNUALLY (17 GASOLINE/3 DIESEL). PROPERTY 5 YEARS
OLD. EXPANSION CAPABILITIES... NATIONAL FOOD FRANCHISE
(SUB'S) RESTAURANT HAS SHOWN INTEREST. ALSO AREA HAS SHOWN
THE NEED OF A CHECK CASHING FACILITY. A CAR WASH COULD
BE ADDED. PRICED TO SELL...ABOVE AVERAGE "CAP" RATE...GREAT
INVESTMENT. VERY VALUABLE LAND IN PRIME LOCATION. |
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NNN Leased STEAK and ALE - 7320 W Colonial Drive,
Orlando, FL 32818
Property Type: Retail Restaurant
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| Year Built: 1999 |
Building Size: 6,858 SF |
| Price: $3,708,830 |
Price/SF $540.80 |
| Cap Rate: 6.50% |
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| Property Description: Please do not disturb
the tenant. This property is exclusively listed by Tony
Louie of Marcus & Millichap. This property provides an
investor the opportunity to purchase a long term triple
net-leased investment which will provide a stable, relatively
risk-free income stream. The restaurant operator is Metromedia
Restaurant Group who also operated the Bennigan's, Ponderosa,
and Bonanza brands. The property is located in Orlando,
Florida in the West Colonial Drive submarket. This particular
area is a major thoroughfare with close proximity access
to the East-West Expressway. The surrounding area is densly
populated by a mixture of large apartment complexes, condominiums,
and single family homes. One mile south is the new Veranda
Park mixed use development which boast over 700,000 square
feet of luxury living space. This property is on a retail
pad that includes Bennigan's, Chuck E Cheeses, Pier One
Imports, Logan's Roadhouse, and a 10,000 square foor retail
building that includes Men's Warehouse, EB Games, and
Moe's Grill. |
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Prime Redevelopment - Commercial Bldg + Land - 6016
Old Congress Avenue, Lake Worth, FL 33462
Property Type: Office Office Building
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Building Size: 29,000 SF |
| Price: $3,750,000 |
Price/SF $129.31 |
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| Property Description: Prime redevelopment
site. Commercial building consisting of 29,000+/- sf with
12-14ft ceilings situated on 2.9+/- acres of land with
500+/- feet frontage on Lantana Road in Lantana, Florida.
Includes vacant parcel that has great development potential.
Zoning is CG - Commercial General, Palm Beach County.
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1120 Washington - Sarasota, FL 34236
Property Type: Retail Restaurant
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| Year Built: 1996 |
Building Size: 12,135 SF |
| Price: $3,800,000 |
Price/SF $313.14 |
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| Property Description: The building houses
a motorcycle dealership that has very nice curb appeal
and a restaurant with a newly landscaped entrance area
that invites customers to a beautifully and professionally
decorated establishment - a trendy sophisticated place
the Crown Jewel of night life in Sarasota. The up stairs
lounge features a balcony and is a perfect spot for private
parties or to just view the main restaurant area and dance
floor from above. The current office, showroom and service
(for the motorcycle business) is very clean and in nice
shape. The front (very large) windows give an airy feel
to the outside. The foundation is a poured concrete slab
on grade with commercial carpeting in the retail office
and restaurant area. Exterior walls are concrete block
and interior walls of wood or steel with drywall covering.
Ceiling are drywall and suspended acoustic ceiling tiles.
Shop area is sealed concrete. The canopy entrance at the
front doors to the showroom give the building a nice touch.
Price includes the real estate and the restaurant business,
furniture and equipment. The motorcycle dealership is
available separately for $500,000. |
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CVS - 5010 S. Florida Avenue, Lakeland, FL 33813
Property Type: Retail Retail (Other)
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Building Size: 12,738 SF |
| Price: $3,807,733 |
Price/SF $298.93 |
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Cap Rate: 7.50% |
| Property Description: The lease is a 20
year NN, with 4 successive 5-yr options at fixed rates.
Lease has percentage rent of 2% over base rental amounts.
Lease is Insured by CVS, CVS is now America's leading
pharmacy retailer with more than 5,000 locations in 36
states and the District of Columbia. |
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Whistle Junction Buffet Restaurant - 4551 13th Street,
Saint Cloud, FL 34769
Property Type: Retail Restaurant
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| Year Built: 2000 |
Building Size: 10,723 SF |
| Price: $3,874,116 |
Price/SF $361.29 |
| Occupancy: 100% |
Cap Rate: 7.75% |
| Property Description: This investment consists
of the sale/lease-back of a buffet restaurant concept
at a competitive cap rate of 7.75%. The lease is absolute
triple-net, and is guaranteed by Osmar Corporation. The
restaurant is required to be converted/renovated into
a proven new concept by December 31, 2005. The tenant,
Banner Buffets LLC, is a joint venture between Osmar Corporation
and Martin Capital. Osmar brings restaurant operational
experience to the partnership, while Martin Capital brings
restaurant development experience and investment capital.
The lease structure is a twenty (20) year absolute, NNN
lease with three (3), five (5) year renewal options. The
lease is subject to 1.75% annual increases. Banner Buffets
LLC will be the tenant under the lease and Osmar Corporation
will be the guarantor. Whistle Junction will operate as
a family-oriented, buffet style theme restaurant. This
investment is part of an 11 property portfolio of identical
concepts, and is offered independently or in any combination
with other Florida locations |
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The Sarasota Times Building - 1216 1st Street, Sarasota,
FL 34236
Property Type: Retail Free Standing Bldg
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| Year Built: 1926 |
Building Size: 9,171 SF |
| Price: $3,950,000 |
Price/SF $430.71 |
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| Property Description: This historic landmark
building available for sale or lease is located in the
heart of Sarasota in the active, pedestrian oriented Theatre
Arts District. The 9,171 SF 3 story building was built
in 1926 and has recently been restored. The floor plan
can be expanded to 11,291 by adding a 2nd floor mezzanine
and roof deck. Existing TAD zoning (Theater Arts District)
or potential Downtown Bayfront allows for a number of
creative uses. The property is listed on the National
Register of Historic Places which provides for tax incentives.
Shell condition with all utilities brought to the building.
A detailed package on the history of the building will
be made available during the due diligence period. |
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FREE STANDING BUILDING - 2000 NORTH FEDERAL HIGHWAY,
DELRAY BEACH, FL 33483
Property Type: Retail Free Standing Bldg
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| Year Built: 1986 |
Building Size: 31,620 SF |
| Price: $4,200,000 |
Price/SF $132.83 |
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| Property Description: 31,620 SQ. FT. FREE
STANDING BUILDING WITH APPROXIMATELY 200 FT. FRONTAGE
ON FEDERAL HIGHWAY, ONE MILE NORTH OF ATLANTIC AVENUE,
DOWNTOWN DELRAY BEACH. 12,420 SQ.FT. RETAIL/OFFICE SPACE
AND 19,210 SQ.FT. TWO STORY WAREHOUSE (EACH FLOOR IS 9,605
SQ.FT. WITH 12.5 FOOT CEILINGS) THE PARCEL IS 44,867 SQ.FT.
THE ZONING IS GENERAL COMMERCIAL (GC) WITH LIGHT INDUSTRIAL
OVERLAY. CONSTRUCTED IN 1986, TWO STORY ALL CBS CONSTRUCTION
WITH MAJOR BUILDING RENOVATIONS IN 1993. NEW ROOF IN 1998
WITH 12 YEAR WARRENTY. NEW AIR CONDITIONING SYSTEM IN
1998 WITH 10 YEAR WARRENTY. FREIGHT/PASSENGER ELEVATOR,
TWO LOADING DOCKS, ACCESS TO DIXIE HIGHWAY, SIGNAGE, ALARMS,
UPGRADED ELECTRICAL SERVICE. CURRENTLY THE BUILDING IS
VACANT AND IS UNDERGOING AN EXTERIOR AND INTERIOR FACELIFT.
THERE ARE A TOTAL OF 40 PARKING SPACES. THIS BUILDING
IS IN EXCELLENT CONDITION AND IS BUILT LIKE FORT KNOX.
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1200 N. Dixie Highway - Lake Worth, FL 33460
Property Type: Office Office Building
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| Building Class: B |
Building Size: 25,000 SF |
| Parking Ratio: 75/1,000 SF |
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| Year Built: 1963 |
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| Price: $4,500,000 |
Price/SF $180.00 |
| Property Description: Two prime free standing
commercial buildings. One two story building with 22,000
rentable square feet, vaulted ceilings and open floor
plan. A single story building consisting of 3,000 rentable
square feet. The buildings are situated on 1.78 acres
of land that is zoned HIC 1 within the city limits of
Lake Worth. This zoning provides for a maximum height
of 65 feet and a residential density of 30 units per acre.
The site will support 53 residential units and 10,000
square feet of commercial space. |
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636 East Atlantic Avenue - Delray Beach, FL 33483
Property Type: Retail Free Standing Bldg
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| Building Size: 9,501 SF |
Year Built: 1947 |
| Price: $4,800,000 |
Price/SF $505.21 |
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Occupancy: 30% |
| Property Description: Two-story 9,501 SF
office/retail building. NICE CONDO CONVERSION OPPPORTUNITY
Ground floor Atlantic Avenue retail spaces are 100% leased.
1st Class office space built out on second floor Vacant
space on ground floor perfect for owner/user space or
possible retail/restaurant |
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The Place Via Clematis - Rosemary Street and Banyan
Street, West Palm Beach, FL 33401
Property Type: Retail Street Retail
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| Year Built: 2006 |
Building Size: 14,767 SF |
| Price: $340.00/SF |
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| Property Description: Located in the heart
of downtown West Palm Beach in the block bordered by Banyan
and Clematis Streets, The Place Via Clematis will combine
9 stories of city Living residences with 22 street level
commercial live/work business condominiums. The Place
Via Clematis is not just in the Banyan/Clematis block
but also makes its' Rosemary address easy access to City
Place. This location, plus dynamic ground floor elevations,
is complemented by the architecturally pleaseing 14ft.
interiors. These dramatic condominium units are available
in sizes from 825 to 1400sf., with Rosemary, Banyan and
East-courtyard spaces available. In addition to numerous
The Place Via Clematis amenities, there will also be a
breathtaking "tree walk" on the sky pool deck. |
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Walgreens - 6458 Linton Blvd., Delray Beach, FL
33444
Property Type: Retail Retail Pad
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| Building Size: 15,120 SF |
Cap Rate: 5.80% |
| Year Built: 1999 |
Occupancy: 100% |
| Price: $5,100,000 |
Price/SF $337.30 |
| Property Description: Walgreens drug store,
60 year lease, recently built Walgreens Drug Store located
in Prestigious Palm Beach County, Some of the worlds most
elite and sought after real estate. |
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Sarasota Palms Plaza - 8770 S. Tamiami Tr., Sarasota,
FL 34238
Property Type: Shopping Center Strip Center
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| GLA: 15,704 SF |
Year Built: 2004 |
| Price: $5,250,000 |
Price/SF $334.31 |
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| Property Description: Brand new shopping
center. Quality construction - beautiful building. Currently
leased to 6 tenants with up to 2,657 SF available for
owner/user. The property is directly in front of the most
successful Broyhill Furniture dealer in the southeast
(Hudson's Furniture). All units have direct frontage on
S. Tamiami Trail (US Highway 41). Plaza contains a total
of 15,704 SF. |
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CVS Pharmacy - 245 Military Trail, West Palm Beach,
FL 33415
Property Type: Retail Free Standing Bldg
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| Building Size: 14,520 SF |
Year Built: 2002 |
| Price: $5,300,000 |
Price/SF $365.01 |
| Occupancy: 100% |
Cap Rate: 6.00% |
| Property Description: CVS Drug Store consisting
of 14,510 square feet on 1.76 acres of land. Built in
2002 23 years remaning on an absoulute triple net lease
with 5 five years renewals. Co-Brokers must be compensated
by their buyers. |
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INFORMATION
AND PRICES SUBJECT TO CHANGE WITHOUT NOTICE
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