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36 W Pine Ave 4,550 SF Retail Building Eastpoint, FL 32328 $3,042,074 CAD ($668.59 CAD/SF) 11.74% Cap Rate

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INVESTMENT HIGHLIGHTS

Located in center of business district. Walkable from beach parking area. Golf cart friendly. High traffic area.

EXECUTIVE SUMMARY

Turnkey Tiki-Style Restaurant with a 11.22% CAP RATE– Prime Commercial Location on St. George Island. Here’s your chance to own Mango Mike’s, a fully operational, turnkey tiki-style restaurant in the heart of St. George Island. Built in 2017, this 150-seat destination embodies the laid-back island vibe that both tourists and locals love. The venue features a welcoming horseshoe-shaped bar, TVs throughout, a dedicated stage for live music, and an outdoor lawn perfect for cornhole and casual entertainment. Spanning seven commercial lots just a few hundred feet from the historic lighthouse and public beach access, the restaurant enjoys unmatched visibility in one of the island’s busiest corridors. Mango Mike’s conveys with a coveted 8 COP liquor license, which allows full liquor service, package sales, and no minimum food requirement, along with all furniture, fixtures, and equipment. The property measures 4,550 square feet under roof with an additional 950 square feet of heated and cooled space, offering efficient operations and lower utility costs. An elevator services the full commercial kitchen and restrooms, ensuring smooth day-to-day functionality. St. George Island itself is a barrier island stretching roughly 28 miles long and less than a mile wide, drawing around 200,000 visitors each year. Known for its unspoiled beauty, the island has earned national acclaim, including being ranked the #1 public beach in the United States in 2023 by Dr. Beach. With pristine beaches, a strong tourism base, and limited commercial opportunities, the island provides a rare and powerful backdrop for business success. Mango Mike’s is more than a restaurant—it’s a destination with incredible untapped potential. With its prime location, established brand, liquor license, and full turn-key operation, this property offers the perfect opportunity for an investor or operator to step into one of Florida’s most desirable beach markets and take it to the next level. Documents will be provided with signed NDA.

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