Palm Ocean Realty
Listed by Palm Ocean Realty
$239,000
ICE CREAM AND GELATO SOUTH FLORIDA
Details
APN 0
Property Type Business for Sale
Sub Type Business Only
Square Footage 1,000
Net Rentable (SqFt) 1,000
Units 1
Cap Rate 30.00%
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 10
Lease Expiration 03/30/2032
Remaining Term 7
Rent Bumps Yes
Lease Options 2 X 5 YEARS until 2042
Broker Co-Op Yes
Class A
Year Built 2022
Year Renovated 2022
Buildings 1
Stories 1
Lot Size (SqFt) 1,000
Zoning Comm
Parking Spaces 100 spaces
Parking Per SqFt 100.00
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/31/2022
Ground Lease No
Ownership LLC
Sale Condition For sale by owner
New Price $239k Ice Cream Shop Join OVER 150+ Locations
Marketing description
Jeremiah's Italian Ice Franchise Opportunity in Lighthouse Point, Florida
Location: 3650 N Federal Hwy, Lighthouse Point, FL 33064
About Jeremiah's Italian Ice: Jeremiah's Italian Ice is a well-loved frozen dessert franchise known for its fun atmosphere and menu featuring over 40 flavors of high-quality Italian Ice, creamy Soft Ice Cream, and the signature Gelati—a delicious layering of both. The brand has built a loyal customer base by offering a unique and enjoyable experience for all ages.
Franchise Highlights: over 150 Locations and growing
Established Presence: The Lighthouse Point location, situated in the Venetian Isle Shopping Center, with Publix, Staples and many other retailers. Jeremiah’s Italian Ice has been serving the community since opening in April 2022. Its proximity to the beach makes it a go-to spot for both locals and visitors looking for a refreshing treat.
Modern Amenities: The store offers indoor and outdoor seating, a walk-up window, and has plans to integrate third-party delivery services, enhancing accessibility and convenience. Current Lease until 2032 with Two 5 year options until 2042.
Community Engagement: The franchise has strong ties to local schools, churches, and organizations, fostering brand loyalty and community involvement.
The seller has already PAID for the area development agreement allowing the buyer to develop two more Jeremiah’s locations to the south of this Location in Lighthouse Point in Broward County area, from the Ocean to the Easterly of Hwy 95 (in these specific zip codes apply) 33060, 33062, 33334, 33308, 33306, 33304, 33316, 33305, 33309, 33301, and 33369 that is south to Griffin Road
Investment highlights
Cash Buyer will require proof of funds. Citizens may apply for an SBA loan. Min Proof of 50% of Funds with NDA required.
Listing Contacts
Palm Ocean Realty
Listed by Palm Ocean Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
