Lessee requests confidentiality. This is the buy-out of a current on-going lease with 5 years left in the initial term + options with a right of first refusal in the lease for purchase. Lease is not negotiable and also requires 2.5% overage in addition to base rent. Lessor must approve the new tenant. Lessee has over $1,000,000 invested but is looking for $700,000 to vacate the building leaving all equipment except signage. Current use is a restaurant. This restaurant has 9,776 SF, 378 seats, & zoned Town Center Mixed Use (TCMU) which allows restaurant/bar, grocery, gasoline, department stores & other retail, office, seasonal & permanent multi-family, hotel/motel, fitness centers, & more. There are 135 parking spaces on 2.23 acres with 144' on Hwy 98. Traffic count is 49,500 daily.
DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2019, All rights reserved.
Listing information last updated on September 16th, 2019 at 1:15am CDT.