Restaurant For Sale • 14,000 SF
Restaurant has been in business since December 2017, with the current initial 10-year lease expiring November 30, 2027 with 3, 5-year renewal options |
Bait Shack can generate a lucrative monthly income of $4,000 or more. |
Home to a well- known local restaurant brand that attracts both tourists and locals. |
2.75 Million tourists coming to the area each year. Generating more than $96.5 billion in spending. |
Potential for significant income from current tenant Bimini Bait Shack. Income percentage-based lease in place |
Cap Rate: | 7.75 % |
Tenant | SF Occupied | Lease End Date |
---|---|---|
Bimini Bait Shop | 5,088 SF |
Airport | Drive | Walk | Distance |
---|---|---|---|
Southwest Florida International | 31 min | - | 18.6 mi |
Punta Gorda | 60 min | - | 44.7 mi |