166 SE 2nd Ave
Delray Beach, FL 33444
The Standard - 15 year Absolute Net Lease · Retail Property For Sale

This newly leased, absolute triple-net(NNN) restaurant investment is in the heart of Downtown Delray Bea's Entertainment District one of South Florida's most vibrant and supply-constrained urban cores. The property is delivered with a brand-new 15-year absolute NNN lease, delivering long-term, passive income with zero landlord responsibilities. The tenant covers all real estate taxes, insurance, maintenance, roof, and structure
Unmatched Downtown Location:
Located just 1.5 blocks south of the iconic intersection of Atlantic Avenue and Pineapple Grove widely considered the epicenter of Delray Beach's retail, dining, and
nightlife corridor—the asset benefits from prime positioning within the local entertainment district. This zoning allows for extended operating hours and greater flexibility
with sound ordinances, a critical advantage for high-energy, destination food-and-beverage concepts. Downtown Delray Beach is highly coveted for its walkability, year-round energy, and strong foot traffic drawn from affluent locals, seasonal residents, and robust tourism. Limited future supply, strict zoning, and consistent tenant demand further support the area's Exceptional Surrounding Density and Institutional Investment's
Credit Tenant with Proven Operating History:
The property is leased to The Standard, an established and expanding restaurant operator with successful locations in Palm Beach County.
The brand has demonstrated strong performance in high-profile downtown settings and continuous growth in premier urban submarkets.
Compelling Lease Structure with Built-In Upside:
The 15-year absolute NNN lease provides durable income and downside protection, enhanced by a percentage rent clause that offers meaningful growth potential. Current base rents sit below market rates for comparable downtown Delray Beach restaurant space, creating a natural hedge against inflation. The percentage rent provision allows investors to participate directly in the tenant's success as sales increase, while providing rare visibility into unit-level performance through sales reporting a valuable insight not typically available in standard NNN investments. This structure delivers both stability and equity-like upside.