Fully Equipped Restaurant/Bar
1420 E Broad Street Fuquay Varina, NC 27526
1420 E Broad Street, Fuquay Varina, NC, 27526
$3,750,000
For Sale
$3,750,000
COMMERCIAL - Fuquay Varina, NC
Property Size11,879 SF
Lot Size1.82 Acres
Price / SF$315.68
Days on Market148
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
Listing Agency
Century 21 Triangle Group
(919) 552-4517
407 N Judd Parkway, NE, Fuquay-Varina, NC
Listed by
Marguerite Greene · License #283390
(919) 219-9312
Added: Feb 19 Checked: Jul 17 at 2:06 am
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 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.
Key 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.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Specialty Retail
$3.39M
$2.97M – $3.96M
NOI $237,423 @ 7.0% cap · market cap 6.33%
Second Best
Retail
$3.01M
$2.63M – $3.51M
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cleveland Draft House ...
Restaurant
Similar For Sale Nearby
Similar Off Market 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
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.
