For Sale
$2,400,000

92661 Overseas HwyTavernier, FL 33070

High-Cap Rate QSR, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a thriving Dairy Queen Grill & Chill restaurant located at 92661 Overseas Highway, Tavernier, Florida, 33070. The property boasts a prime location in Monroe County, situated in a median with excellent visibility and easy access to northbound and southbound traffic. The 1,796 square foot building sits on a substantial 18,620 square foot lot, providing ample parking for customers. Currently operating at 100% occupancy, this Class A, single-story building offers a compelling 10% cap rate at the asking price of $2,400,000. The sale includes all furniture, fixtures, and equipment. The restaurant features a convenient drive-through and offers a full lunch and dinner menu. The property is zoned SC - Sub Urban Commercial District. While currently operating as a Dairy Queen franchise, the franchise agreement is optional, allowing for potential conversion to another restaurant concept. Limited competition in the immediate area further enhances the investment potential of this well-established and profitable business.

Highlights

  • Dairy Queen Grill & Chill restaurant in Tavernier, FL, on a 18,620 sq ft lot.
  • 1,796 sq ft building with drive-thru, full menu, and ample parking.
  • Prime location on Overseas Highway with high visibility and easy access.
  • 10% cap rate at $2,400,000 asking price; includes FF&E.
  • Currently 100% occupied, Class A building; SC zoning; franchise agreement optional.

Property Details for 92661 Overseas Hwy

Property type
Specialty properties, Retail properties
Square Feet
1,796 SF
Class
A
Buildings
1
Stories
1

Location Insight

City
Tavernier
County
Monroe
State
Florida
Latitude
25.0169738
Longitude
-80.5115232
92661 Overseas Hwy, Tavernier, Florida

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92661 Overseas Hwy
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