685 US Highway 1

685 US Highway 1 , Vero Beach, Florida, 32962 | 3,474 sq.f | $ 1,200,000

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About This Restaurant

Investment Highlights

Executive Summary

The building is 3,474 SF on US HWY 1, Vero Beach, FL, with a Traffic Volume 30,000 per day. Lessee Terms: 5 years with an option of 5 Years. With a 4% increase each year.Situated at 685 US Highway #1 in Vero Beach, this renowned restaurant has been a culinary beacon for over fifty years. Established in 1973 as part of the "Fat Boys BBQ" chain, it has upheld a legacy of culinary distinction throughout the years. In 2007, with a change in ownership, it transitioned to "Smokehouse BBQ," preserving its dedication to being both family-friendly and a hub for business gatherings. Now known as "Caffe 66", it thrives under the guidance of an experienced operator.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    3,474
  • Building Class    C
  • Year Built    1974
  • Price    1,200,000
  • Price Per SF    345
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.18
  • Land Acres    0.45 AC

Amenities

  • Restaurant

Property Taxes

Parcel Number 33-39-13-00000-1000-00035.0 Improvements Assessment $155,795
Land Assessment $313,729 Total Assessment $469,524
Date Created: 2024-07-16 04:13:33 Last Updated: 2024-07-16 04:13:33
Address: 685 US Highway 1 , Vero Beach, Florida, 32962