1116 Hypoluxo Rd
1116 Hypoluxo Rd
1116 Hypoluxo Rd
1116 Hypoluxo Rd
1116 Hypoluxo Rd
1116 Hypoluxo Rd
1116 Hypoluxo Rd
Property Summary
Current Use:
Restaurant
Tenant:
Tru Island Grill
Tenant Term:
June 2025 - June 2030
NOI:
$54,000 Annually
Cap Rate:
7.5%
Description
APEX Capital Realty proudly presents a unique investment opportunity at 1116 Hypoluxo Road, Lantana, FL. This one of a kind vacant retail property, formerly a “Farm Stores” drive-thru store, is now available for redevelopment or rebranding tailored to a variety of drive-thru oriented businesses. The property’s strategic location and inherent flexibility make it an ideal choice for investors looking to capitalize on Lantana’s growing commercial landscape.
Lot & Building Size Breakdown:
Building Size:
704 SF
Lot Size:
Approximately 0.24 acres
Property Highlights
Adaptive Reuse Potential: The site offers significant flexibility due to its NZ - Not Zoned status, allowing for a wide range of commercial uses.
Strategic Location: Located in a high-traffic area within Lantana, FL, the property benefits from visibility and accessibility, crucial for business operations that rely on consumer traffic.
Lease Abstract: Available Upon Request.
Tenant: Tru Island Grill
Projected Net Operating Income (NOI): $50,000 Annually
Estimated Cap Rate: 7.5%
Tenat Information: The Tenant, Tru Island Grill, is a Caribbean-/Island-flavored grill concept focused on providing both a culinary scene and social/entertainment venue. The operator also founded Truth Lounge & Nightclub in Fort Lauderdale.
Details
Property size: 704 Sq Ft
Property Status:
For Sale
Property Type: Retail
Year Built: 1977
Address
City: Lantana
State/country: FL