Duffy's Sports Grill | West Boca Raton, FL

20465 S State Road 7 Boca Raton, FL 33498

20465 S State Road 7, Boca Raton, FL, 33498
20465 S State Road 7, Boca Raton, FL, 33498 20465 S State Road 7, Boca Raton, FL, 33498 20465 S State Road 7, Boca Raton, FL, 33498 20465 S State Road 7, Boca Raton, FL, 33498 20465 S State Road 7, Boca Raton, FL, 33498 20465 S State Road 7, Boca Raton, FL, 33498 20465 S State Road 7, Boca Raton, FL, 33498 20465 S State Road 7, Boca Raton, FL, 33498
FOR SALE
Property Type:
Strip Center
Amount:
$7,461,000
Last Verified:
Nov 27, 2024

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Highlights

  • Trophy Waterfront Asset Located on Hard Corner of Premier Signalized Intersection (+/- 95,000 Cars/Day)
  • $130,000+ Household Income within in 1-Mile Radius
  • Outparcel to The Fresh Market, LA Fitness and Dick's Sporting Goods Anchored Shopping Plaza
  • NNN Lease w/ Zero Management Responsibilities and 12.5 Years of Base Lease Term Remaining
  • A Block from Lotus Edge, a 500+ a New Luxury Home Development w/ Homes Starting at $1.5M

Description

SVN Commercial Partners is thrilled to present the opportunity to acquire Duffy’s Sports Grill (the "Property"), a +/-9,400-square-foot single-tenant NNN property, ideally located in the prestigious Boca Raton market. Positioned as an outparcel to the bustling Mission Bay Plaza, this trophy asset benefits from its high-profile corner location at the signalized intersection of Glades Road and North State Road 441 (State Route 7), an area witnessing remarkable growth. The intersection’s exceptional traffic volume, over 95,000 vehicles daily, combined with the affluent surrounding community, ensures a consistent, high-quality clientele.

This offering provides investors a fully management-free investment with a long-term corporate-backed NNN lease featuring 12.5 years of base term remaining and five 5-year renewal options, delivering stable income with zero landlord responsibilities. Duffy’s, a renowned South Florida brand with over 30 locations and $100 million in annual revenue, secures this asset with a strong corporate guarantee.

The Property is nestled on a 0.45-acre lot with an attractive lakefront patio, enhancing its appeal. Located within Mission Bay Plaza, anchored by prominent brands such as The Fresh Market, LA Fitness, and Dick’s Sporting Goods, Duffy’s gains unparalleled exposure and synergy with well-established retailers. The surrounding area is a premier retail hub that draws additional traffic from nearby developments and affluent neighborhoods. The local demographic profile features over 200,000 residents within a 5-mile radius, with an impressive average household income exceeding $133,000 and over $130,000 within just a 1-mile radius.

Duffy’s strategic positioning is complemented by recent and ongoing luxury developments nearby. These include the high-end Lotus Edge and Lotus Palm communities by GL Homes, a block away, introducing over 500 new homes priced from $1.5 million, promising a steady influx of affluent clientele. Additional area attractions, including Boca Town Center Mall, Uptown Boca, Florida Atlantic University, and Mizner Park, are all within a short driving distance, ensuring consistent traffic to the location and solidifying Duffy’s place as a top-tier investment opportunity.

This Duffy’s Sports Grill is a rare opportunity to secure a true trophy asset in a high-growth, affluent market with zero management responsibilities, term stability, and an ideal blend of surrounding retail and residential developments.

Duffy’s Sports Grill occupies a prime location at the intersection of Glades Road and State Road 441 in Boca Raton, Florida, offering maximum visibility and accessibility in an affluent market. Positioned as an outparcel within Mission Bay Plaza, the Property benefits from proximity to anchor retailers like The Fresh Market, LA Fitness, and Dick’s Sporting Goods, along with a steady stream of traffic from over 95,000 vehicles daily.

The Property is ideally situated near Uptown Boca, a vibrant new lifestyle center featuring retailers such as Whole Foods Market and REI, along with an array of dining, shopping, and entertainment options. This proximity to Uptown Boca enhances the appeal of the Duffy’s location, positioning it within a high-demand retail corridor.

This Property is surrounded by a thriving residential base, with approximately 200,000 residents living within a 5-mile radius and an impressive average household income exceeding $133,000, with over $130,000 within just a 1-mile radius. Accessibility is a strong feature of this Property, with nearby entry points to both I-95 and Florida’s Turnpike. The Property is located approximately 15 minutes from I-95, providing a direct route to destinations up and down Florida’s east coast, while the Turnpike is about 10 minutes away, enabling seamless north-south travel across the state. Additionally, Boca Raton’s beautiful coastline and beach are just a 25-minute drive, offering easy access for local and visiting clientele.

The Property is also within convenient driving distance of Fort Lauderdale-Hollywood International Airport (35 minutes) and Miami International Airport (45 minutes), ensuring regional and international connectivity. Surrounded by high-end residential developments, prestigious educational institutions like Florida Atlantic University, and retail destinations such as Boca Town Center Mall and Mizner Park, Duffy’s Sports Grill is optimally located in one of South Florida’s most desirable and rapidly growing markets.

Building Size: 9643sq ft
Lot Size: 0.51 acres

Map of 20465 S State Road 7, Boca Raton, FL, 33498

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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