Restaurant For Sale Loaded With Potential !!! Great Looking Turn Ky Lexington, SC 29072
This turnkey restaurant in Lexington, South Carolina, presents a unique opportunity for immediate operation. Boasting 6,000 square feet of space, including a large patio, this well-established eatery is fully equipped and ready for a new owner. The asking price is $350,000. The current lease has nine years remaining, expiring May 1, 2033, with a monthly rent of $12,626 including CAMS. The extensive kitchen equipment includes two hoods, convection ovens, an outdoor smoker, three walk-in coolers, one walk-in freezer, ample dry storage, prep tables, stoves, and more. The dining area features seating for numerous patrons, including booths, tables, high-tops, and chairs. Additional equipment includes multiple POS systems, TVs, and various storage units. The restaurant's prime location on a busy street ensures high visibility and strong foot traffic. The seller is retiring, providing a seamless transition for a new owner to implement their own concept or continue the existing one. This is a rare opportunity to acquire a fully operational restaurant in a thriving community, eliminating the challenges and costs associated with starting from scratch. The restaurant's current capacity includes 3 waiting area booths, 6 high chairs, 10 tables, 8 booths, 16 chairs, 22 high top chairs, 3 high top tables, and 4 TVs. Inventory is not included in the asking price. The number of employees is 50. Serious inquiries only.
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.
Costs & Benchmarks
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.