Jollyville, TX 78729
This thriving North Austin restaurant presents a unique opportunity for immediate ownership and operation. Located in a high-visibility spot off Highway 183 near Anderson Mill Road, this 1,000-square-foot space boasts a fully equipped commercial kitchen and a small dining area. Built in 2014, the restaurant has been successfully operating for nearly a decade, benefiting from its proximity to numerous apartment complexes, single-family homes, and other businesses. The lease, expiring December 30, 2031, offers significant long-term stability at a monthly rent of $2,933, inclusive of all CAM charges. The impressive kitchen features an 18-foot hood, walk-in freezer and cooler, grease trap, six burners, two prep coolers, a meat slicer, two deep fryers, and a wealth of additional equipment, including a coffee brewer, tea brewer, and various refrigeration units. This turnkey operation eliminates the substantial costs and time associated with building out a new restaurant, allowing for a quick and efficient transition to new ownership. The existing Certificate of Occupancy ensures immediate operational readiness. The sale price of $85,000 represents an exceptional value for a fully operational restaurant with a proven track record and a long-term lease. This location is ideal for a variety of food service concepts, offering a strong foundation for continued success.
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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Risks
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