Galt Ocean Mile Bar Last Call Bar & Lounge Turn Key Bar & Lounge fully built-out and ready to operate A+++ location in desirable area of Galt Ocean Mile in East Ft Lauderdale 4COP license available to purchase for additional $150,000 8.43% Pro-forma Capitalization rate after this property is leased Huge earnings potential Sponsored By: JOHN DEMARCO, ACP 954-678-8733 JohnDeMarco@Remax.net Each office is independently owned and operated. RE/MAX 5 STAR REALTY 4151 Hollywood Blvd Hollywood, FL 33020 (954) 361-0000 www.demarcogroup.com Each office independently owned and operated
INVESTMENT DETAILS Analysis Analysis Date October 2017 Property Property Property Address Last Call Bar & Lounge 3270 NE 33 St Ft Lauderdale, FL 33308 Year Built 1979 Purchase Information Property Type Purchase Price Tenants Total Rentable Sq. Ft. Financial Information Commercial $925,000 1 2,526 All Cash Loans Type All Cash Debt Term Amortization Income & Expenses Rate Payment Contact Information John DeMarco, ACP 954-678-8733 JohnDeMarco@Remax.net P. 2 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. LO Costs
PROPERTY DESCRIPTION John DeMarco with Re/Max 5 Star Realty is proud to present the sale of "Last Call" bar and lounge. Located in prestigious Galt Ocean Mile district of East Ft Lauderdale Beach. A+++ location is walking distance of beach and intracoastal waterway. This bar is fully built out with high end finishes and fixtures, full DJ and sound equipment, lighting, large custom bar, state of the art systems, updated bathrooms, high end furniture. Turn key business re-open immediately. Owners current 4 COP liquor license is available for an additional $150,000. Join CREDIT neighbors such as Shooters waterfront Bar and Grill, Bokampers sports bar, Jackson's Prime steakhouse, the Sandbar grill and several national tenants. Perfect location for you business, huge earnings potential. Similar bars are grossing over 5mil a year. Also great acquisition for investors, when this bar is fully leased at only $30 a sf net, this provide an investor with $78,000 per year net yielding an 8.43% capitalization rate. Call for all showings and additional information. P. 3 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
PROPERTY PHOTOS Bar Sitting Area DJ Booth Bar ATM Bathroom P. 4 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
MAPS AND AERIALS Location P. 5 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
LOCATION MAP P. 6 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
PRO FORMA SUMMARY TENANT ANNUAL SCHEDULED INCOME Tenant Actual Market $78,000 $78,000 Actual Market $78,000 $78,000 $78,000 Actual Market.00.00 TOTALS ANNUALIZED INCOME Description Gross Potential Rent Less: Vacancy Effective Gross Income Less: Expenses Net Operating Income INVESTMENT SUMMARY Price: Year Built: Tenants: RSF: $925,000 1979 1 2,526 Price/RSF: $366.19 Lot Size: 2,626 sf Floors: APN: Market Cap Rate: ANNUALIZED EXPENSES Description Total Expenses Expenses Per RSF 1 4943 19 01 8.43% P. 7 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Fort Lauderdale, Florida Incorporated on March 27, 1911, encompassing approximately 36 square miles with an estimated population of 176,747, Fort Lauderdale is the largest of Broward County's 31 municipalities and one of the ten largest cities in Florida. Embraced by the Atlantic Ocean, New River and a myriad of scenic inland waterways, Fort Lauderdale truly lives up to its designation as the "Venice of America." Fort Lauderdale also offers an outstanding quality of life, highlighted by a semitropical climate, rich natural beauty and array of cultural, entertainment and educational amenities. Blessed with over 3,000 hours of sunshine each year and pleasant year-round ocean breezes, world-famous Fort Lauderdale Beach offers premier opportunities for recreation, relaxation and enjoyment. The picturesque Riverwalk serves as the cornerstone of the City's arts, science, cultural and historic district which features the Broward Center for the Performing Arts, Museum of Discovery and Science, Museum of Art and Old Fort Lauderdale Village and Museum. Las Olas Boulevard has gained international acclaim as Fort Lauderdale's centerpiece of fashion, fine dining and entertainment. In addition, the City's downtown area is home to Broward Community College, Florida Atlantic University, Florida International University, the award-winning Broward County Main Library, federal, county and school district offices.
An advantageous economic climate is helping the City of Fort Lauderdale establish itself as a world-class international business center and one of the most desirable locations for new, expanding or relocating businesses. Once known strictly as a tourism-based economy, Fort Lauderdale now supports a diverse range of industries, including marine, manufacturing, finance, insurance, real estate, high technology, avionics/aerospace, film and television production. Through the cooperative efforts of residents, businesses and local government, Fort Lauderdale has evolved into a City that offers the best of both worlds - an attractive business environment and an outstanding quality of life. Fort Lauderdale is a great place to live, work and raise a family, and the City looks forward to continuing to build upon its success to meet the challenges of the 21st Century and beyond. Our Location The City of Fort Lauderdale is situated on the southeast coast of Florida, in the eastcentral portion of Broward County, approximately 23 miles north of Miami and 42
miles south of Palm Beach. The City shares boundaries with nine other municipalities, as well as unincorporated areas of the County. Encompassing approximately 36 square miles, Fort Lauderdale is the eighth largest city in Florida and the largest of Broward County s 31 municipalities. Ft Lauderdale International Airport Broward County's Fort Lauderdale-Hollywood International Airport (FLL) and North Perry Airport (NPA), a general aviation airport, form a diverse and dynamic airport system. This airport system serves the needs of 29.2 million passengers and the general aviation community throughout South Florida. FLL is ranked 21st in the U.S. in total passenger traffic and 13th in domestic origin and destination passengers. There are more than 325 departures and 325 arrival flights a day. FLL offers nonstop service to 140 U.S. cities and flights to Canada, Bahamas, Caribbean, Mexico, Latin America, and Europe. FLL averages 640 commercial flights per day on 26 airlines. There are also 100 private flights. Each day an average of 80,000 travelers pass through the four terminals at FLL.
Port Everglades Exotic cruise vacations and international trade are what makes Port Everglades an economic powerhouse for Broward County and one of the most diverse seaports in the United States. Located In the heart of Greater Fort Lauderdale and the City of Hollywood, FL, Port Everglades is one of the busiest cruise ports in the world. It is a leading container port in Florida and among the most active cargo ports in the United States. And, Port Everglades is South Florida s main seaport for receiving petroleum products including, gasoline and jet fuel. A foreign-trade zone and available office space inside the Port's secure area make Port Everglades a highly desirable business center for world trade. The Port Everglades Department is a self-supporting Enterprise Fund of Broward County government. It does not rely on local tax dollars for operations or capital improvements. The total value of economic activity at Port Everglades is more than $28 billion. And, 224,054 Florida jobs are impacted by the Port, including 13,322 people who work for companies that provide direct services to Port Everglades. Dynamics Encompassing more than 33 square miles with a population of 165,912, Fort Lauderdale is the county seat of Broward County and the largest city among the county s 31 municipalities. Fort Lauderdale, the seventh largest city in Florida, is centrally located between Miami and Palm Beach. An advantageous economic climate helped the City of Fort Lauderdale establish itself as a world-class international business center and one of the most desirable locations for new, expanding, or relocating businesses.
Fort Lauderdale also offers an outstanding quality of life, highlighted by a semitropical climate, rich natural beauty, and an array of cultural, entertainment, and educational amenities. World-famous Fort Lauderdale Beach offers premier opportunities for recreation, relaxation, and enjoyment. The picturesque Riverwalk serves as the cornerstone of the City s arts, science, cultural, and historic district, and features the Broward Center for the Performing Arts, Museum of Discovery and Science, Museum of Art, and Old Fort Lauderdale Village and Museum. Las Olas Boulevard has gained international acclaim as Fort Lauderdale s centerpiece of fashion, fine dining, and entertainment. The City s downtown area is home to many corporate headquarters, government offices, and educational institutions, including Broward Community College, Florida Atlantic University, and Florida International University. Through the cooperative efforts of residents, businesses and local government, Fort Lauderdale has evolved into a City that offers the best of both worlds: an attractive business environment and an outstanding quality of life. Fort Lauderdale is a great place to live, work, and raise a family, and the City looks forward to continuing to build upon its success to meet the challenges of the 21st Century and beyond. As the City moves forward, it will work hard to continue in partnership with its most important asset its citizens to develop the strategies necessary to ensure a safe and secure community; provide quality programs and services; enhance the quality of life; protect the environment; promote smart growth; and, maintain fiscal responsibility.
DEMOGRAPHICS Population 1 Mile 3 Mile 5 Mile Male 5,371 (48.03 %) 40,908 (51.69 %) 102,524 (51.52 %) Female 5,811 (51.97 %) 38,234 (48.31 %) 96,459 (48.48 %) Total Population 11,182 79,142 198,983 Age Breakdown 1 Mile 3 Mile 5 Mile Ages 0-4 179 (1.60 %) 2,300 (2.91 %) 7,626 (3.83 %) Ages 5-9 240 (2.15 %) 3,002 (3.79 %) 9,656 (4.85 %) Ages 10-14 219 (1.96 %) 2,778 (3.51 %) 8,987 (4.85 %) Ages 15-19 225 (2.01 %) 2,700 (3.41 %) 8,709 (4.38 %) Ages 20-24 250 (2.24 %) 2,912 (3.68 %) 9,084 (4.57 %) Ages 25-29 257 (2.30 %) 3,187 (4.03 %) 9,513 (4.78 %) Ages 30-34 294 (2.63 %) 3,593 (4.54 %) 10,314 (5.18 %) Ages 35-39 388 (3.47 %) 4,397 (5.56 %) 11,825 (5.94 %) Ages 40-44 517 (4.62 %) 5,492 (6.94 %) 13,916 (6.99 %) Ages 45-49 646 (5.78 %) 6,546 (8.27 %) 15,898 (7.99 %) Ages 50-54 754 (6.74 %) 6,872 (8.68 %) 16,268 (8.18 %) Ages 55-59 855 (7.65 %) 6,752 (8.53 %) 15,711 (7.90 %) Ages 60-64 923 (8.25 %) 6,177 (7.80 %) 14,124 (7.10 %) Ages 65-69 991 (8.86 %) 5,462 (6.90 %) 12,134 (6.10 %) Ages 70-74 1,015 (9.08 %) 4,642 (5.87 %) 9,996 (5.02 %) Ages 75-79 975 (8.72 %) 3,833 (4.84 %) 7,901 (3.97 %) Ages 80-84 843 (7.54 %) 2,960 (3.74 %) 5,916 (2.97 %) Ages 85+ 1,611 (14.41 %) 5,537 (7.00 %) 11,405 (5.73 %) P. 13 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
DEMOGRAPHICS Household Income 1 Mile 3 Mile 5 Mile Median Income $79,191 $58,006 $53,523 Less than $10,000 592 2,935 7,798 $10,000 -$14,999 270 2,051 5,103 $15,000 - $19,999 342 1,816 4,892 $20,000 -$24,999 371 2,354 5,476 $25,000 - $29,999 431 2,312 5,451 $30,000 - $34,999 301 2,450 5,418 $35,000 - $39,999 212 2,175 4,598 $40,000 - $44,999 313 2,514 5,021 $45,000 - $49,999 170 1,628 4,173 $50,000 - $59,999 353 2,842 6,769 $60,000 - $74,999 535 3,924 9,384 $75,000 - $99,999 700 4,284 10,082 $100,000 - $124,999 475 2,868 5,955 $125,000 - $149,999 298 2,017 3,974 $150,000 - $199,999 557 2,529 4,680 Greater than $200,000 732 3,055 5,838 Housing 1 Mile 3 Mile 5 Mile Housing Units 11,182 57,893 125,802 Occupied Units 7,240 44,851 98,788 Owner Occupied Units 5,715 26,425 54,889 Renter Occupied Units 1,525 18,426 43,899 Vacant Units 3,942 13,042 27,014 Race Demographics 1 Mile 3 Mile 5 Mile Population Non Hispanic White 10,887 68,759 141,745 Population Black 50 6,666 47,494 Population Am In/Ak Nat N/A 8 32 P. 14 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.