RUSTIC INN CRABHOUSE SIGNS 20-YEAR LEASE IN JUPITER, FL.
The Rustic Inn Crab House, World Famous for its Garlic Crabs and great fresh seafood, located on Ravenswood Road, Fort Lauderdale, Florida “since 1955”, has opened its 2nd location at the former Bubba Gump’s Shrimp Co. located on A1A on the Jupiter Inlet, Jupiter, Florida. Boca Raton based SUSSMAN RESTAURANT BROKERAGE announced the transaction this week.
According to Jeff Sussman, President of Sussman Restaurant Brokerage, “Rustic signed a 20-year lease (including options) valued at in excess of $9.5 Million Dollars”. Sussman Restaurant Brokerage represented the landlord, GE Capital, and the location’s former tenant, Landry’s Inc., one of the nation’s largest restaurant owners including Bubba Gump’s, in the multiple transactions resulting in the lease.
In addition to brokering the Jupiter transaction, Sussman Restaurant Brokerage also brokered the initial sale of the Rustic Inn between its original owner and founder, Henry Oreal, and its current owner, Ark Restaurants (NASDAQ: ARKR) earlier this year.