For Sale
$620,000

101 Ocean BlvdStuart, FL 34994

Prime Ocean Blvd location, 6% cap rate, established tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Stuart, Florida's vibrant downtown. This 1,075 square foot restaurant, located at 101 SE Ocean Blvd, Unit 103, is currently leased to a thriving wine bistro and gourmet Italian restaurant. The property boasts a strong 6% cap rate and is priced at $620,000 ($576.74 per square foot). The tenant has a five-year lease remaining with two five-year options. The space features both interior seating for 32 and an outdoor patio accommodating 40 guests. Built in 2007, this unit is situated in the heart of Stuart's business and entertainment district, benefiting from the recently completed streetscape improvements on Ocean Boulevard. The property is zoned Urban Center and operates under a NNN lease, meaning no landlord responsibilities. Parcel ID: 04-38-41-034-001-01030-0. This is a rare chance to acquire a well-established restaurant in a prime location with a secure, long-term lease. Serious inquiries only. Do not disturb the tenant.

Highlights

  • 101 SE Ocean Blvd, Unit 103, Stuart, FL 34994
  • Parcel ID: 04-38-41-034-001-01030-0
  • 1,075 SF unit
  • NNN Lease
  • 6% Cap Rate
  • 2007 Construction

Property Details for 101 Ocean Blvd

Property type
Retail properties, Restaurants
Square Feet
1,075 SF

Location Insight

City
Stuart
County
Martin
State
Florida
Latitude
27.1977007
Longitude
-80.2506399
101 Ocean Blvd, Stuart, Florida

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101 Ocean Blvd
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