Renovated Sports Bar
For Sale
$3,750,000
1420 E Broad Street, Fuquay Varina, NC 27526
COMMERCIAL - Fuquay Varina, NC
Property Size11,879 SF
Lot Size1.82 Acres
Price / SF$315.68
Days on Market180
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 4
Last Checked: Aug 18 at 7:06PM
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 bar and pub property contains 11,879 square feet on 1.82 acres and was built in 2004. The building underwent a complete renovation in 2020 and is offered with furniture, fixtures, and equipment. Improvements include a professional kitchen, private dining rooms for events, and a sports-bar area equipped with 27 televisions. A heated patio provides additional year-round seating or event space.
The property is located at 1420 E Broad Street in Fuquay Varina, along Highway 401, and carries CC zoning. Its brick veneer, engineered wood, and HardiPlank exterior materials support a substantial freestanding commercial presence. The existing configuration is designed for restaurant and bar operations, with substantial indoor area and event-oriented spaces.
The property is located at 1420 E Broad Street in Fuquay Varina, along Highway 401, and carries CC zoning. Its brick veneer, engineered wood, and HardiPlank exterior materials support a substantial freestanding commercial presence. The existing configuration is designed for restaurant and bar operations, with substantial indoor area and event-oriented spaces.
Key Highlights
- 11,879 SF bar and pub property on 1.82 acres
- Renovated in 2020 with furniture, fixtures, and equipment included
- Professional kitchen and private dining rooms for events
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
Industrial
$1.09M
$950.4K – $1.27M
NOI $76,030 @ 7.0% cap · market cap 2.03%
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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Frequently Asked Questions
What type of property is this?
Bar & Pub - Standalone venue with a professional kitchen, private event 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 SF bar and pub property on 1.82 acres; Renovated in 2020 with furniture, fixtures, and equipment included; Professional kitchen and private dining rooms for events
