BACKYARD SOCIAL 16371 Corporate Commerce Way

ABSOLUTE NNN SALE-LEASEBACK: BackYard Social is offering a 10-year Absolute NNN sale-leaseback, featuring 10% rental increases every 5 years. The tenant will assume full responsibility for property taxes, insurance, and all maintenance expenses, providing a truly passive investment for the owner.
INNOVATIVE CONCEPT: “Backyard Social” is a fresh, dynamic venue combining food trucks, drinks, and social entertainment, catering to a wide demographic and creating a vibrant community hub for Florida Gulf Coast University (Located 2 Miles South of Subject) and local residents. Retail-tainment or Eat-ertainment is here to stay, people want unique experiences in great settings. Read more here.
EXCEPTIONAL FINANCIAL PERFORMANCE: Backyard Social boasts an impressive EBITDAR/RENT multiple of 5.64X, highlighting the property’s ability to generate substantial earnings relative to its rental obligations. This multiple significantly surpasses typical restaurant performance, underscoring the strong profitability and operational efficiency of the venue.
NEW CONSTRUCTION: Completed in 2023, this newly built property offers 8,500 square feet of space on a ±1.93 AC lot as well as the 4,000+ SF of outdoor space.
PRIME LOCATION: Strategically located in off of I-75 and Alico Road, a rapidly growing sub-market with strong tourism and local demand, ensuring consistent foot traffic and patronage.
DIVERSE REVENUE STREAMS: The property’s design supports multiple income streams, including food and beverage sales, event hosting, and potential partnerships with local businesses.
HIGH YIELDING INVESTMENT: Property is being offered at a Year-1 in place cap rate of 7.00%.
EXPERIENCED OPERATORS: Backed by a team with a successful track record in the food and entertainment industry, providing confidence in the business’s longevity and profitability. Read more here.
GROWING MARKET: Fort Myers is experiencing significant growth, with ongoing development and investment in the area, driving up property values and increasing demand for unique entertainment experiences.
COMMUNITY-CENTRIC VENUE: “Backyard Social” is positioned as a go-to destination for students, locals, and tourists alike fostering community engagement and repeat business.