Native Realty is excited to bring this rare trophy asset to market in the highly sought after Deerfield Beach market. The site features two parcels, one being a full service restaurant featuring direct ocean views and access to the beach, the other being a large surface parking lot with the potential for future redevelopment. The restaurant, JB’s on the Beach, is run by ARK Restaurant Group (Nasdaq: ARKR). ARK Restaurant Group operates restaurants in New York City, Las Vegas, Washington D.C., Atlantic City, Alabama and Florida. The combination of a credit tenant in place with future development potential makes this site what is considered by many to be a covered land play situation. The property represents a rare opportunity to own a NNN leased investment with future redevelopment potential. Being one of only a handful of oceanfront sites, which rarely come available, and one of the only restaurants to have dedicated private parking, make this a truly unique legacy asset. The ongoing restaurant business is not for sale, only the Real Estate is being conveyed in the sale.
