Single-Tenant NNN Lease QSR Investment

Investment Overview

NAI/Merin Hunter Codman is pleased to present 7041 Seacrest Boulevard, a single-tenant net lease quick-service restaurant investment opportunity in Lantana, Palm Beach County, Florida. The ±971-square-foot freestanding QSR is situated on ±0.66 acres and is leased to Snapper’s Fish & Chicken under an absolute NNN lease. The 10-year lease expires in February 2034 and includes 1.5% annual rent escalations, providing investors with built-in income growth and a passive ownership structure. Built in 2018, the property features a dedicated drive-thru lane and service window, outdoor patio seating, surface parking, and prominent building and monument signage. The site offers full frontage and signage along Hypoluxo Road, convenient ingress and egress, and immediate access to I-95. The property is positioned within an established retail and restaurant corridor surrounded by national and daily-needs retailers. Nearby businesses include The Home Depot, Popeyes Louisiana Kitchen, Taco Bell, Mobil, Wendy’s, and other established operators. Approximately 277,650 people live within five miles of the property, with an average household income of approximately $110,762. For more information about this retail investment opportunity, call Bruce Corn at (561) 471-8000.

Investment Highlights

• Single-tenant absolute NNN QSR investment
• 10-year lease expiring February 2034
• 1.5% annual rent escalations
• Full-term personal guaranty
• Full Hypoluxo Road frontage and signage visibility - adjacent to I-95
• Surrounded by established national retailers, QSRs and daily-needs destinations