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    Fully Equipped Restaurant/Bar Opportunity Title is generated by Realmo AI

    1420 E Broad Street, Fuquay Varina, NC 27526

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    Claim this Listing
    For Sale
    $3,750,000

    COMMERCIAL - Fuquay Varina, NC

    Type:Retail
    Property size:
    11,879 SF
    Lot size:
    1.82 Acres
    Price / SF:
    $315/SF
    Added:
    Feb 19, 2026
    Days on Market:
    92
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 1420 E Broad Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    CC
    Rooms
    Basement
    Standard status
    Active
    APN
    066704619110000 0316195
    Size
    11,879 SF
    Lot size
    1.82 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Outparcel F Fuquay Crossing Bm2004-00620
    Tax Annual Amount
    28302

    Utilities

    Cooling system
    Electric

    Building Details

    Year built
    2004
    Floors in Building
    1
    Building materials
    Brick Veneer, Engineered Wood, HardiPlank Type

    We can help!

    Listing Contact
    Marguerite Greene
    Marguerite Greene

    Listing agent Marguerite Greene License #283390

    Listing office Century 21 Triangle Group 407 N Judd Parkway, NE, Fuquay-Varina, NC

    Listing date Feb 19, 2026

    MLS# 10147561

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey sports bar and entertainment venue, fully equipped for immediate operation.
    • Prime 1.82‑acre corner lot in downtown Fuquay‑Varina, benefiting from the Downtown Development Program.
    • Completely renovated in 2020, featuring a professional kitchen and a 27‑TV sports bar setup.
    • Unrivaled capacity with over 11,000 sq. ft. of indoor space and a heated year‑round patio.
    • Located in Fuquay‑Varina, one of North Carolina's fastest‑growing communities, with significant nearby developments.
    • Potential for medical conversion due to its standalone structure and high parking ratio.

    Overview

    This is an opportunity to acquire a fully equipped venue in a growing market. The property, currently home to the Cleveland Draft House, features a completely renovated +/-11,879 square foot standalone retail building, formerly a 2nd Generation Restaurant, on 1.82 acres. Renovations were completed in 2020 and include all FF&E (Furniture, Fixtures, & Equipment). The space includes a professional kitchen, private dining rooms, and a 27-TV sports bar setup. The property has over 11,000 sq. ft. of indoor space plus a heated year-round patio. Located on a prime corner in downtown Fuquay-Varina, the property benefits from the town's Downtown Development Program and the NC Main Street initiative. Significant daily traffic counts are recorded on E. Broad St (Hwy 401). The site is also an ideal candidate for a medical health complex or urgent care facility due to its standalone structure and high parking ratio. Major nearby developments like Gold Leaf Crossing (Target-anchored) are opening in 2026.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $2.64M
    NOI $237,423 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.39M
    NOI $237,423 @ 7.00% cap · market / base-case scenario
    Aggressive
    $4.75M
    NOI $237,423 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $335.0k $28.20
    − Vacancy −$18.4k −$1.55
    EGI $316.6k $26.65
    − OpEx −$79.1k −$6.66
    NOI $237.4k $19.99
    11,879 SF · lease $28.20/SF/yr · vacancy 5.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $3.39M
    $2.97M – $3.96M (±1% cap)
    NOI $237,423 @ 7.0% cap · market cap 6.33%
    Second Best
    Retail
    $3.01M
    $2.63M – $3.51M (±1% cap)
    NOI $210,773 @ 7.0% cap · market cap 5.62%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cleveland Draft House ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cellar 55 — 1351 E Broad St, Fuquay-Varina, NC 27526
    • WINGIN'IT Bar And Grille — 1625 N Main St #109, Fuquay-Varina, NC 27526
    • Cellar 55 Tasting Room — 1351 e broad st, fuquay-varina, nc 27526
    • TCB - The Corner Biergarten & Bottle Shop — 1625 N Main St #133, Fuquay-Varina, NC 27526

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.774607
    Latitude
    35.593751

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    FAQs

    What type of property is this?
    Bar & Pub - Turnkey restaurant/bar with medical conversion potential in growing Fuquay-Varina.
    Where is this bar & pub located?
    The property is located at 1420 E Broad Street Fuquay Varina, NC.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Turnkey sports bar and entertainment venue, fully equipped for immediate operation.; Prime 1.82‑acre corner lot in downtown Fuquay‑Varina, benefiting from the Downtown Development Program.; Completely renovated in 2020, featuring a professional kitchen and a 27‑TV sports bar setup.
    (919) 219-9312
    We can help!
    Listing Contact
    Marguerite Greene
    Marguerite Greene
    Real Estate License ID: 283390
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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