CULVER'S | $4,000,000 | 4.75% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Culver’s a single-tenant property located at 2501 South Kanner Highway, Stuart, Florida 34994.
The subject property is comprised of 4,389 square feet, built-in 2017 on a moderate 1.22 Acre lot with drive-thru. Situated on South Kanner Highway, Culver’s is passed by over 35,000 vehicles per day. The subject property is surrounded by many national tenants and within walking distance of Martin County High School which has 2,178 students. Culver’s will operate on a new 20 year absolute-net lease with 10% increases every 5 years.
Culver Franchising System, LLC, doing business as Culver’s, is a privately owned and operated American casual fast food restaurant chain that operates primarily in the Midwestern United States. The chain is mostly known for its “butter burgers” and frozen custard, but also offers cheese curds, chicken, fish, and salads. Culver’s opened its first restaurant in 1984 in Sauk City, Wisconsin. It is currently headquartered in nearby Prairie du Sac.
Franchisee is part of a strong growth focused partnership group committed to excellent operations. Currently operating 19 locations in WI, IL, and FL. The key principle has been involved with Culver’s for over 30 years, since the infancy of the brand. They continually have won accolades both within their franchise organization as well as in the communities they serve. They have been top 5 finalists in the chain wide Culver’s Crew Challenge 5 times and their owner operators have been featured in numerous local and national articles including QSR Magazine.