10 YR NNN SINGLE TENANT RESTAURANT

Transcription

1 EXCLUSIVELY MARKETED BY 10 YR NNN SINGLE TENANT RESTAURANT 300 SW FEDERAL HIGHWAY, STUART FL CA $80,000 NOI 3,000 SF

2 LOLA S SEAFOOD EATERY 10 YR NNN RESTAURANT RESENTED BY: Jeremiah Baron Owner/Broker Jeremiah Baron & Co. 49 SW Flagler Ave. Suite 301 Stuart FL, : E: jbaron@commercialrealestatellc.com FL License No. BK NO WARRANTY OR RERESENTATION, EXRESS OR IMLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF RICE, RENTAL OR OTHER CONDITIONS, RIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SECIAL LISTING CONDITIONS IMOSED BY OUR RINCIALS NO WARRANTIES OR RERESENTATIONS ARE MADE AS TO THE CONDITION OF THE ROERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMLIED.

3 TABLE OF CONTENTS 4 ROERTY SUMMARY 5 ROERTY DETAILS 6 ROERTY OVERVIEW 7 ABOUT THE TENANT 8 SITE HOTOS 9 FLOOR LAN 10 SITE AERIAL 11 ZONING INFORMATION 12 AREA DEMOGRAHICS

4 ROERTY SUMMARY Jeremiah Baron & Co. is pleased to present an exceptional opportunity to own a renowned single tenant deal at 7 cap with a 10 year base term and annual increases. The lease is Corporate Guaranteed and ersonally Guaranteed by both partners. Strong regional player with five locations from alm Beach County to ort St. Lucie County. The remodeled building features indoor and outdoor seating plus ample parking. rime site has great exposure and accessibility from US-1, located just south of the highly traveled Roosevelt Bridge. The City of Stuart sits along Florida s Treasure Coast as part of the ort St. Lucie MSA. The area features an economy driven by the retail service, hospitality, construction and government sectors. Stuart provides quick access to nearby metropolitan centers Fort ierce and West alm Beach via Highway 1. The 5-mile trade is supported by a population of exceeding 100,000 with more than 58,000 employees, and an affluent average household income of $86,000. The city of Stuart is served by the West alm Beach Airport, 40 miles away, Fort Lauderdale Airport 86 miles away, and the public use Latham Field Airport located across the street from the site. The site is 27 miles from Tailwinds rivate Airport, which serves the affluent Jupiter Island communities, home to some of the worlds famous professional golfers including Tiger Woods, Justin Thomas, Dustin Johnson, Rickie Fowler, and more. 4

5 ROERTY DETAILS OFFERING RICE $1,142,857 CA RATE 7.0 ANNUAL INCREASES 2.75% NOI $80,000 annually ROERTY SECIFICATIONS BUILDING SIZE ACREAGE +/- 3,000 SF 0.44 AC FRONTAGE +/- 117 TRAFFIC COUNT 59,031 ADT YEAR BUILT 1987 Renovated in 2014 CONSTRUCTION TYE CBS ARKING SACES 40 ZONING B-1 LAND USE UTILITIES Restaurant City of Stuart 5

6 ROERTY OVERVIEW ACCESS SW Federal Highway SW 3rd Street TRAFFIC COUNTS 59,031 ADT IMROVEMENTS +/- 3,000 SF ARKING YEAR BUILT 1987 Renovated in 2014 ARCEL Z ZONING B-1 6

7 ABOUT LOLA S SEAFOOD EATERY LOLA S Seafood Eatery is fashioned after the cafes found along the New England coast where owner Laurie aulino grew up. She and co -owner Chef Bernard Uffer have been in the restaurant business for over 30 years and do not cut corners when it comes to the food they serve. Twice a week, seafood is purchased at auction in Boston and shipped fresh to the four LOLA S locations in South Florida. Belly clams, lobster, cod, mussels, and crabs form the basis for seafood bowls served over linguini, Ipswich clam steamers, lobster rolls, battered fish and chips and lump crab cakes. In addition, locallysourced seafood, including dolphin (Mahi), grouper and fresh-catch blackboard specials, are prepared and served in sandwiches, tacos and over salads. 7

8 SITE HOTOS 8

9 FLOOR LAN 9

10 10 SITE AERIAL

11 ZONING INFORMATION Business and UD Districts Uses B-1 Adult day care centers Banks/financial institutions ublic facilities and services ublic parks Barbershop, beauty salons, specialty salons ublic utilities 1 Bars Catering shops Residential units combined with non-residential uses Child care center (refer to supplemental standards in section ) Restaurants, convenience and general Community garden (refer to supplemental standards in section ) Craft distillery Retail, intensive sales and service Family day care home in a residence Rooftop dining area (refer to supplemental standards in section ) CU Hotels, motels Libraries School-private, parochial, technical Massage therapy establishments Microbrewery Multi-family dwelling units Museums Office, business or professional Office, low intensity medical Stealth telecommunications facilities in excess of 45 feet in height (refer to supplemental standards in section ) Stealth telecommunications facilities which do not exceed 45 feet in height or which are constructed as part of an existing architectural feature or structure provided its total height does not exceed 120 percent of the height of the architectural feature or structure (refer to supplemental standards in section ) Theaters CU Office, medical Urban farm (refer to supplemental standards in section ) Office, veterinary Outdoor storage (refer to standards in section ) arking garages (private or government provided public) arking lots (private or government provided public) 11

12 AREA DEMOGRAHICS RADIUS 1 MILE 3 MILE 5 MILE 2018 Estimated opulation 2,971 47,071 98, rojected opulation 3,146 50, , Census opulation 2,913 42,750 88, Estimated Households 1,433 21,597 43, rojected Households 1,515 23,113 46, Census Households 1,420 19,834 39, Estimated White 2,533 42,559 86, Estimated Black or African American 348 2,918 5, Estimated Asian or acific Islander , Estimated American Indian or Native Alaskan Estimated Other Races , Estimated Average Household Income $73,846 $73,947 $78, Estimated Median Household Income $49,658 $51,610 $55,719 Median Age Average Age