8491 Navarre Pky
Navarre, FL 32566
Property For Lease

PROPERTY #1 of 2 ***Both can be leased together for $33,000 p/mo plus NNN*** Upscale Waterfront Steakhouse Space- The 200 +/- seat restaurant space has been operating since Nov. 1 2022 in a fully remodeled and updated space. Upgrades have been done regularly with no spared expense! The name, The Grillehouse, along with recipes and procedures is available as well. Otherwise, your approved concept can adapt and take over. If the space doesn’t lease, The Grillehouse will reopen to a booming Spring & Summer season on or about March 1, 2024! About the Space: Seating is approximately 175-200 depending on your arrangements. Equipment in the kitchen: 3’ Griddle, 4’ Char Grill, 5 Fryers, 3 Convection Ovens, Second 36” Grill, Stand Mixer, Salad Prep Coolers, Walk-In Coolers, Walk-In Freezers, Upright Freezer, Ole Hickory Smoker (optional) All Dishes, Glasses, Silverware, etc will be leased as well. Aloha POS is being used with 5 terminals plus back office. This unit comes with an “apartment” with shower, toilet, sink and bed located inside the upstairs office for ownership or manager quarters as a benefit. Liquor storage, dry storage, restrooms, private curtained dining, beautiful bar, covered patio seating with enclosure flaps and heaters. Seating along the water and an unused outdoor bar with more seating perfect for expanding the business in warmer months! The attached, dilapidated pier is not part of this property nor does the owner have rights to it. This lease is being offered for $19,500 (negotiable) per month plus NNN, a 5 year lease with 2- 5 year option to renew. Other options may be negotiated. All assets, furniture, fixtures and such, are NOT available to be purchased as they are collateralized with the property and therefore are conveyed as value inside the leased property. This turnkey opportunity is available for qualified and experienced operators only. Lease details include: Rent grace period of 5 days, NNN costs due on or before the 15th of each month are approximately $3850 the final number may vary up or down and shall fluctuate based on taxes and annual insurance rates. Operational Deposit- $200,000 (terms negotiable) Personal guarantee and financials for 2 people that will be named on the lease. Details, disclosures and further communication will be provided after a bank certified letter has been received showing a minimum of deposit funds available as well as a personal financial statement for each named person and a NDA plus NC signed. PROPERTY #2 of 2 Outdoor Waterfront Restaurant- The 175-200 seat restaurant space has been remodeled and updated continuously since July of 2022 with no spared expense! The opportunity to operate your dream waterfront “Beach” bar is now available! The options are endless and the view is fantastic! If the space doesn’t lease, Seagull Sam’s will reopen to a booming Spring & Summer season on or about March 1, 2024! About the Space: Operational Bars- 4 Equipment in the kitchen: 3’ Griddle with oven, 3 Fryers, 1 Oven, Second 36” Grill, Salad Prep Coolers, Walk-In Coolers, Walk-In Freezers, Upright Freezer, Ole Hickory Smoker (optional) All Dishes, Glasses, Silverware, etc will be leased as well. Toast POS is being used with several fixed and handheld terminals available for use.. A newly built covered bar, covered patio seating with enclosure flaps and heaters. Seating along the water, swings, space for cornhole tournaments, beer pong and maybe volleyball as well as shuffleboard. The GOLDMINE / HIDDEN JEWEL opportunity within this property is the pre approved option to build at least a 250’ pier with optional boat slips!! Seagrass study has already been completed! The estimate for this buildout was quoted below $175,000 to complete with many options to add still available. This lease is being offered for $15,500 per month plus NNN, a 5 year lease with 2- 5 year option to renew. Other options may be negotiated. All assets, furniture, fixtures and such, are NOT available to be purchased as they are collateralized with the property and therefore are conveyed as value inside the leased property. This turnkey opportunity is available for qualified and experienced operators only. Lease details include: Rent grace period of 5 days, NNN costs due on or before the 15th of each month are approximately $3850 the final number may vary up or down and shall fluctuate based on taxes and annual insurance rates. Operational Deposit- $175,000 (terms negotiable) Personal guarantee and financials for 2 people that will be named on the lease. Details, disclosures and further communication will be provided after a bank certified letter has been received showing a minimum of the operational deposit funds available as well as a personal financial statement for each named person and a NDA plus NC signed.