Prime Corner Restaurant & Bar Opportunity in Downtown Delray Beach

Description

Prime Corner Restaurant & Bar Opportunity

This is a rare opportunity to acquire a beautifully built-out restaurant and bar located at a prime corner on Atlantic Avenue. The business is being offered confidentially, and interested parties must sign a Non-Disclosure Agreement (NDA) to receive full details.

Property Highlights:

• Size: Approximately 2,263 square feet under air with an additional 275 square feet of patio seating area.
• Lease: 9 years remaining on the initial term, expiring in 2033, with an option to extend for an additional 10 years until 2043. The lease includes a rolling one-year personal guarantee.
• Rent: $12,000 per month, equating to $57 per square foot gross. This lease is considered highly undervalued for its location, making it one of the best leases possible for downtown Delray Beach.
• Build-Out: The space features a newly installed restaurant hood system, walk-in refrigeration, brand new HVAC system, and ADA-compliant entrance and restrooms.
• Parking: Ample parking is available at the rear of the building.
• Location: Situated in the heart of East Delray Beach, the restaurant benefits from high foot and vehicle traffic, making it one of the best locations on Atlantic Avenue.

Offering Details:

• Asking Price: $850,000
• Sale Type: Asset sale. No sales figures are provided for this location.

Additional Information:

• A full equipment list will be provided upon signing the NDA.
• This offering is for the business assets only, including the right to the existing lease.

Contact: For more information and to sign an NDA, please contact Prakas & Co.

This listing represents a unique chance to own and operate a restaurant in one of the most vibrant and sought-after areas of Delray Beach. The combination of a prime location, fully equipped build-out, and favorable lease terms make this an attractive opportunity for seasoned restaurateurs and investors alike.

• Size: 2263
• Lease: 19
• Year built: 2023
• Infrastructure Included: yes - kitchen and bar
• Zoning: Restaurant / Bar
• Years in Business: 1