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5851 State Rte 100
Palm Coast, FL 32164

$6,364,000 USD

Restaurant For Sale  •  7,202 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 7,202 SF
  • Lot Size 1.53 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning C-2
0 Transit Score
27 Walk Score

Highlights

New 2024 construction
Corporately guaranteed, long-term 15-year lease
Absolute NNN lease – No landlord management obligations
Rare 2% annual rent increases starting year 2 throughout initial term and renewal options
Miller's Ale House is owned by Roark Capital, an Atlanta-based private equity firm with $38 billion in assets under management
NO STATE INCOME TAX, Florida is the Highest Net Domestic Migration/Growth State in the U.S.

Property Flyers

Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Miller's Ale House 7,202 SF 7/31/2039

Amenities

  • 24 Hour Access
  • Restaurant
  • Security System
  • Signage
  • Accent Lighting
  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Daytona Beach International 33 min - 25.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 116
Type: Surface
Included in Rent: Yes
Ray Romano 407-808-1657 CBRE, Inc.
Ray Romano 407-808-1657 CBRE, Inc.