20465 State Road 7 - Restaurant FOR SALE


Boca Raton, FL 33498
$7,461,000 USD
561-485-1129
20465 State Road 7, Boca Raton, FL for Sale
$7,461,000 USD
Restaurant - FOR SALE
1/10
null | 5% Cap Rate

20465 State Road 7
Boca Raton, FL 33498


HIGHLIGHTS

  • Trophy Waterfront Asset Located on Hard Corner of Premier Signalized Intersection (+/- 95,000 Cars/Day)
  • $130,000+ Household Income within in 1-Mile Radius
  • Outparcel to The Fresh Market, LA Fitness and Dick's Sporting Goods Anchored Shopping Plaza
  • NNN Lease w/ Zero Management Responsibilities and 12.5 Years of Base Lease Term Remaining
  • A Block from Lotus Edge, a 500+ a New Luxury Home Development w/ Homes Starting at $1.5M

OVERVIEW

SVN Commercial Partners is thrilled to present the opportunity to acquire Duffy’s Sports Grill (the "Property"), a +/-9,400-square-foot single-tenant NNN property, ideally located in the prestigious Boca Raton market. Positioned as an outparcel to the bustling Mission Bay Plaza, this trophy asset benefits from its high-profile corner location at the signalized intersection of Glades Road and North State Road 441 (State Route 7), an area witnessing remarkable growth. The intersection’s exceptional traffic volume, over 95,000 vehicles daily, combined with the affluent surrounding community, ensures a consistent, high-quality clientele. This offering provides investors a fully management-free investment with a long-term corporate-backed NNN lease featuring 12.5 years of base term remaining and five 5-year renewal options, delivering stable income with zero landlord responsibilities. Duffy’s, a renowned South Florida brand with over 30 locations and $100 million in annual revenue, secures this asset with a strong corporate guarantee. The Property is nestled on a 0.45-acre lot with an attractive lakefront patio, enhancing its appeal. Located within Mission Bay Plaza, anchored by prominent brands such as The Fresh Market, LA Fitness, and Dick’s Sporting Goods, Duffy’s gains unparalleled exposure and synergy with well-established retailers. The surrounding area is a premier retail hub that draws additional traffic from nearby developments and affluent neighborhoods. The local demographic profile features over 200,000 residents within a 5-mile radius, with an impressive average household income exceeding $133,000 and over $130,000 within just a 1-mile radius. Duffy’s strategic positioning is complemented by recent and ongoing luxury developments nearby. These include the high-end Lotus Edge and Lotus Palm communities by GL Homes, a block away, introducing over 500 new homes priced from $1.5 million, promising a steady influx of affluent clientele. Additional area attractions, including Boca Town Center Mall, Uptown Boca, Florida Atlantic University, and Mizner Park, are all within a short driving distance, ensuring consistent traffic to the location and solidifying Duffy’s place as a top-tier investment opportunity. This Duffy’s Sports Grill is a rare opportunity to secure a true trophy asset in a high-growth, affluent market with zero management responsibilities, term stability, and an ideal blend of surrounding retail and residential developments.

FOR SALE DETAILS

PRICE

$7,461,000 USD

PRICE/SF

$798 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Duffy's Sports Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

CG

APN/PARCEL ID

00-41-47-13-04-000-0018

ASK ABOUT THIS PROPERTY

Elon GerbergSVN - ROI GroupMore Info
561-485-1129

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Elon GerbergSVN - ROI GroupMore Info
561-485-1129

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