Renovated Sports Bar and
For Sale
$3,750,000
1420 E Broad Street, Fuquay Varina, NC 27526
Commercial Sale, Fuquay Varina, NC
Property Size11,879 SF
Lot Size1.82 Acres
Price / SF$315.68
Days on Market196
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
Legal Description
Outparcel F Fuquay Crossing Bm2004-00620
Utilities
Cooling system
Electric
Building Details
Year built
2004
Floors in Building
1
Building materials
Brick Veneer, Engineered Wood, HardiPlank Type
Listing Agency:
Century 21 Triangle Group · Century 21 Real Estate
(919) 552-4517
Listed By:
Marguerite Greene · License #283390
(919) 219-9312
Added: Feb 19
Changed: Aug 19
Last Checked: Sep 3 at 6:06PM
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.
Investment Insights
Based on property information with market context.
This standalone bars and pubs property contains 11,879 square feet on 1.82 acres and was renovated in 2020. The facility includes a professional kitchen, private dining rooms for events, a 27-TV sports bar installation, and a heated patio designed for year-round use. Furniture, fixtures, and equipment are included in the sale. Originally built in 2004, the building features brick veneer, engineered wood, and HardiPlank construction, with electric cooling and a basement.
Located at 1420 E Broad Street in Fuquay-Varina, the property sits along E. Broad St. (Hwy 401) and is identified as being in the town’s downtown area. The site is zoned CC and has also been described as suitable for consideration as a medical or urgent care conversion because of its standalone format and parking ratio. Gold Leaf Crossing, a Target-anchored development, is identified nearby with an opening planned for 2026.
Located at 1420 E Broad Street in Fuquay-Varina, the property sits along E. Broad St. (Hwy 401) and is identified as being in the town’s downtown area. The site is zoned CC and has also been described as suitable for consideration as a medical or urgent care conversion because of its standalone format and parking ratio. Gold Leaf Crossing, a Target-anchored development, is identified nearby with an opening planned for 2026.
Key Highlights
- 11,879‑square‑foot building on 1.82 acres
- Renovated in 2020; originally built in 2004
- 27‑TV sports bar setup with professional kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$237,423
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,748,460
$4.7M
Cap Rate 7%
$3,391,757
$3.4M
Cap Rate 9%
$2,638,033
$2.6M
Market Conditions
NOI Build-Up for 11,879 SF
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.
Gross rent
$335.0K $28.20/SF
− Vacancy
−$18.4K −$1.55/SF
EGI
$316.6K $26.65/SF
− OpEx
−$79.1K −$6.66/SF
NOI
$237.4K $19.99/SF
Area
Wake County, NC
Vacancy
5.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,748,460
Cap Rate 7%
$3,391,757
Cap Rate 9%
$2,638,033
Alternative Uses
Best Use
Specialty Retail
$3.39M
$2.97M – $3.96M
NOI $237,423 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
570k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Superstores 17%
Shops & Services 14%
Groceries 12%
Walmart
Superstores
95,228 visits/mo
0.4 miles
T.J. Maxx
Apparel
43,432 visits/mo
0.2 miles
Harris Teeter
Groceries
42,883 visits/mo
0.2 miles
Chick-fil-A
Dining
41,239 visits/mo
0.3 miles
McDonald's
Dining
28,386 visits/mo
0.1 miles
Demographics for 27526, NC
56,089
Population
22,612
Households
2.5
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
98.2 sq mi
ZIP Area
571
Density / Sq Mi
$105,055
Median Household Income
$54,786
Median Earnings
$1,591
Median Rent
$372,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- WINGIN'IT Bar And Grille — 1625 N Main St #109, Fuquay-Varina, NC 27526
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Standalone entertainment venue with a professional kitchen, private event dining rooms, and a heated patio.
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: 11,879‑square‑foot building on 1.82 acres; Renovated in 2020; originally built in 2004; 27‑TV sports bar setup with professional kitchen
