000 Owner Profit Charleston, SC 29401
This turnkey restaurant presents a remarkable opportunity for a savvy investor. Boasting $1.8 million in 2024 sales and over $340,000 in owner profit, this well-established business is poised for continued success. The 3,177 square foot space features a fully equipped commercial kitchen, including a large vent hood, grease trap, walk-in cooler and freezer, three fryers, a six-burner cooktop with flat top, and a beer tap system. The dining area comfortably seats 99 indoors, with an additional 100 seats available on the covered patio. A full liquor license is in place. The current lease, expiring October 31, 2036, offers two five-year renewal options with only 3% annual rent increases. The monthly rent is $8,400 plus CAM, representing less than 8% of sales. The restaurant benefits from a prime location on a major thoroughfare with over 15,000 vehicles passing daily, situated near significant medical and retail developments, and within reach of 12,000+ homes, with new communities under construction. The unique concept and friendly service attract a diverse clientele, including Charleston's 8 million annual tourists. Marketing costs are kept low, under 2.5% of sales, through effective advertising and social media campaigns. The sale includes all equipment and furnishings, as detailed in the inventory list. The business is not located in Charleston proper
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.