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OFF-MARKET
Retail properties & Spaces

000 Owner Profit Charleston, SC 29401

3,177 SF Built 2019
Property ID
Property summary
AI-generated overview

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

Property profile
Verified
Property type Retail properties & Spaces
Year built 2019
Total area 3,177 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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