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    Retail properties & Spaces

    0 University Area Restaurant For Sale - Large Hood & Outdoor Patio!, Charlotte, NC 28262

    3,200 SF Built 2018
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    Property summary
    AI-generated overview

    This turnkey restaurant opportunity in Charlotte, NC's University area presents a unique chance to acquire a fully operational establishment. Built in 2018, the 3,200 square foot space boasts a spacious interior with ample seating for approximately 130 patrons, including 4 single booths, 17 double booths, and 29 tables. The fully equipped kitchen features a substantial 27-foot hood system, walk-in cooler and freezer, two six-burner stoves with ovens, a salamander, warmers, and extensive prep areas. A significant advantage is the inviting outdoor patio, perfect for al fresco dining, furnished with 12 tables, 40 chairs, and 3 benches, all shaded by 6 umbrellas. The current lease, expiring September 30, 2027, offers a 5-year term with a monthly rent of $8,588.32, inclusive of CAMs, taxes, and insurance. The restaurant's extensive equipment includes a double-stack conveyor pizza oven, deep fryers, a charbroiler, and various prep tables and refrigeration units. The seller is motivated by personal reasons and is offering this exceptional opportunity at an asking price of $250,000. The location benefits from Charlotte's robust economy and growing population, providing a strong foundation for a successful restaurant venture. This is a rare chance to step into a thriving business without the lengthy and costly process of building from the ground up. The property is located in Mecklenburg County, NC, zip code 28262.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2018
    Total area 3,200 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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