For Sale
$1,662,860

400 Sanford AveSanford, FL 32771

High-Cap Rate Restaurant Sale-Leaseback

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a thriving, family-friendly restaurant and brewery in the heart of Downtown Sanford, Florida. The property boasts 4,483 square feet on a 0.12-acre lot, situated at 400 Sanford Ave, 32771. Built in 1935 and extensively renovated in 2016, this single-story building operates under a 20-year absolute NNN lease with a 7.00% cap rate and a strong NOI of $116,400. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The tenant, a well-established local brewery with a second location and statewide distribution, provides exceptional stability and potential for appreciation. The property is zoned SC3 and features state-of-the-art brewery equipment. This sale-leaseback offers a passive income stream with minimal landlord responsibilities, making it an ideal addition to any diversified investment portfolio. The prime downtown location guarantees high foot traffic and visibility, contributing to the tenant's continued success. The asking price is $1,662,860, translating to $370.93 per square foot. This is a rare opportunity to acquire a turn-key, high-performing asset in a desirable Florida market. The property's APN is 25-19-30-5AG-0601-0010.

Highlights

  • Established local brewery with two locations, operating a family-friendly restaurant.
  • Absolute NNN sale-leaseback with a 20-year lease, offering zero landlord responsibilities.
  • Includes modern, high-quality brewery equipment.
  • Tenant benefits from statewide product distribution.
  • Prime downtown Sanford location with high pedestrian traffic.
  • 4,483 SF building on a 0.12-acre lot, built in 1935 and renovated in 2016.

Property Details for 400 Sanford Ave

Property type
Retail properties, Restaurants
Square Feet
4,483 SF
Year Built/Renovated
1935/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
5,227 SF
Units
1

Location Insight

City
Sanford
County
Seminole
State
Florida
Latitude
28.8088546
Longitude
-81.2651974
400 Sanford Ave, Sanford, Florida

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400 Sanford Ave
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