Premier Restaurant & Bar Opportunity in Lauderdale by The Sea

Description

We are excited to present a confidential and highly desirable restaurant lease opportunity, ideally located in one of Fort Lauderdale’s most prestigious areas. This unique offering represents a rare chance for serious restaurateurs to establish or expand their presence in the vibrant dining scene of Lauderdale-by-the-Sea.

This is the best restaurant lease you will find in all of South Florida.

Property Overview:

Space & Capacity: This lease encompasses an impressive 8,700 square foot area, housing two separate dining establishments and a central commercial-sized kitchen. The main dining section can seat 203 guests, while the secondary space can accommodate 60 guests indoors and 36 outdoors—ideal for private events or open-air dining experiences.
Parking & Accessibility: Included are 34 dedicated parking spaces, providing ample convenience for patrons.
Strategic Location: Positioned directly opposite a major local landmark, the property is surrounded by well-established eateries, enhancing its visibility and foot traffic potential.
Lease Details:

Current Terms: An advantageous 21-year lease with a gross all-inclusive rent of $8,374 per month, which includes base rent, CAM, property taxes, and insurance.
Future Rent Structure:
Extension Options: Four five-year extensions are available from February 1, 2025, with only a 3% increase in base rent every five years, followed by a final term adjusted to market rent.
Rent Projections: For years 11–16, the base rent will be fixed at $11,000 per month. From years 16–21, rent will be reassessed to market rates by independent real estate appraisers.
Local Area:
Lauderdale-by-the-Sea, nestled between the Atlantic Ocean and the Intracoastal Waterway, offers a tranquil yet accessible location. Its small-town charm and beautiful beaches attract both tourists and local visitors, making it a prime spot for a thriving restaurant business.

Operational Costs:

Insurance: $3,200/month
Electricity: $6,500/month
Gas: $750/month
Waste: $1,000/month
Confidentiality Notice:
This listing is confidential, and prospective buyers will be required to sign a Non-Disclosure Agreement (NDA) before further details are provided.

Take Action:
This turn-key restaurant lease offers an excellent foundation for a successful venture in Lauderdale-by-the-Sea. For more information or to arrange a private viewing, please contact us at 561.368.0003. Seize this opportunity to join a distinguished community and make your mark in the local dining industry.

• Size: 8700
• Lease: 21
• Years in Business: 3