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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

Jollyville, TX 78729

1,000 SF Built 2014
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2014
Total area 1,000 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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