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    Retail properties & Spaces

    0 Second-Generation Restaurant For Sale – Bring Your Own Concept, Salisbury, NC 28146

    1,600 SF Built 2016
    Property ID
    Property summary
    AI-generated overview

    This 1,600-square-foot restaurant space in Granite Quarry, NC (zip code 28146), is available for $45,000. Built in 2016, this second-generation restaurant offers a turnkey opportunity for a new owner to establish their own concept. The property boasts ample parking and high visibility within a busy shopping center, ensuring strong foot traffic and customer accessibility. The lease, expiring November 29, 2025, offers a 10-year term with a monthly rent of $4,112. The space features 32 seats of indoor seating. The seller is motivated by other reasons and no support services are included in the sale. Salisbury's strategic location between Charlotte and Greensboro, with easy access to I-85, provides a unique blend of small-town atmosphere and proximity to major urban centers. The city actively supports business growth through economic development initiatives and incentives. The current operation employs five people. This presents a financially attractive option compared to building a new restaurant, offering long-term stability and the freedom to create a unique dining experience. The space is ready for immediate occupancy, allowing for a swift transition and launch of your culinary vision. The property is located in Rowan County, North Carolina. The asking price equates to $28.12 per square foot.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2016
    Total area 1,600 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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