Turnkey Sports Bar & Entertainment
1420 E Broad Fuquay Varina, NC 27526
1420 E Broad, Fuquay Varina, NC, 27526
$3,750,000
For Sale
$3,750,000
Fully equipped venue in a booming market, ready for service.
Property Size11,879 SF
Lot Size1.82 Acres
Price / SF$315.68
Days on Market152
Property Features for 1420 E Broad
General Information
- Standard status
- Active
- Size
- 11,879 SF
- Lot size
- 1.82 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing agency
CENTURY 21 TRIANGLE GROUP
(919) 552-4517
Listed by
MARGUERITE GREENE · License #283390
Source
Corcoran
Added: Feb 19 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 TRIANGLE GROUP
Investment Insights
Based on property information with market context.
This standalone retail property, currently a second-generation restaurant and home to the Cleveland Draft House, offers a rare opportunity to acquire a fully equipped, high-capacity venue. The property, situated on a 1.82-acre corner lot in downtown Fuquay-Varina, was completely renovated in 2020 and includes all furniture, fixtures, and equipment. The building encompasses approximately 11,879 square feet of indoor space, complemented by a heated year-round patio suitable for large crowds and community events. The property benefits from the town's Downtown Development Program, which supports local business growth through the NC Main Street initiative. The site's standalone structure and high parking ratio also make it an ideal candidate for a medical health complex or urgent care facility. Significant daily traffic counts are observed on E. Broad St (Hwy 401). Major nearby developments, such as Gold Leaf Crossing (Target-anchored), are scheduled to open in 2026. This property is located in Fuquay-Varina, one of North Carolina's fastest-growing communities.
Key Highlights
- Turnkey Sports Bar/Restaurant: Fully renovated in 2020 and inclusive of all Furniture, Fixtures, and Equipment (FFE), allowing for immediate operation.
- Prime Location: 1.82‑acre corner lot in downtown Fuquay‑Varina, benefiting from the Downtown Development Program and heavy foot traffic.
- High Capacity Venue: Over 11,000 sq. ft. of indoor space plus a heated year‑round patio, ideal for large crowds and events.
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 - Fully equipped venue in a booming market, ready for service.
Where is this bar & pub located?
The property is located at 1420 E Broad 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/Restaurant: Fully renovated in 2020 and inclusive of all Furniture, Fixtures, and Equipment (FFE), allowing for immediate operation.; Prime Location: 1.82‑acre corner lot in downtown Fuquay‑Varina, benefiting from the Downtown Development Program and heavy foot traffic.; High Capacity Venue: Over 11,000 sq. ft. of indoor space plus a heated year‑round patio, ideal for large crowds and events.
