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32618097

123 Oceanfront Blvd, Beachside, FL 33308

JD
FL BK3134747, 3134747
RE/MAX 5 Star Realty
Listed by RE/MAX 5 Star Realty
$2,995,000
22 days on market
Updated 22 days ago

123 Oceanfront Blvd

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 3,052
Cap Rate 16.38%
NOI $490,455
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $981
Ground Lease No

Turnkey Restaurant/Bar in Broward County, FL

Marketing description

This offering represents the confidential sale of a well-established turnKey restaurant and bar business located in a prime coastal town in Broward County, Florida. This is a rare opportunity to acquire a profitable hospitality operation in a highly supply-constrained, walkable beach market supported by year-round tourism, an affluent local population, and limited restaurant inventory.

The business operates as a turnkey operation with a full commercial kitchen and liquor bar, generating $2.57M in actual gross income and $490K in actual NOI, and is offered at an attractive 16.38% cap rate at asking price. The long-term NNN lease with renewal options provides stability, while the irreplaceable beachfront location offers continued upside through operational efficiencies, branding, and expanded programming, making this an appealing opportunity for both owner-operators and investors seeking strong cash flow in a premier coastal market.

Investment highlights

  • Prime restaurant/bar in a high-demand coastal market
  • 202-seat capacity with indoor & outdoor dining (99 inside / 103 outside)
  • Property Size: 3,052 SF
  • Full commercial kitchen and full liquor bar
  • Long-term NNN lease w/ renewal options
  • Actual Gross Income: $2,574,794
  • Actual Net Income: $490,455
  • 16.38% Actual CAP Rate
  • Turnkey operation with FF&E included
  • High-barrier-to-entry market with limited restaurant inventory

Listing Contacts

JD
FL BK3134747, 3134747
RE/MAX 5 Star Realty
Listed by RE/MAX 5 Star Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$490,455.00
$40,871.25/mo

Valuation Metrics

0
DSCR
16.38%
Cap Rate
16.38%
ROI

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Additional Information

Name
John DeMarco
License
BK3134747
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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