Property summary
This 4,297 sq ft restaurant in Mooresville, NC, is available for $999,000. Built in 2023, it boasts a 10-year lease expiring September 18, 2033. The property includes extensive, high-quality kitchen equipment: two convection ovens, a six-burner stove with oven, two deep fryers, a salamander, a 20-foot hood, walk-in cooler and freezer, ample prep tables, POS systems, and more. The dining area comfortably seats numerous patrons, supplemented by a large outdoor patio with seating for 82. Inventory is not included in the asking price. The restaurant is not a franchise and is a leasehold interest, not an asset sale. The seller is not offering financing. The location benefits from Mooresville's growth and affluent population, creating a strong market for upscale dining. The business employed 24 people. The monthly lease rate is $13,500. Reasons for sale include relocation. This turnkey operation presents a unique opportunity for a new owner to establish a thriving restaurant in a desirable area. The extensive equipment list ensures immediate operational readiness. The long-term lease provides stability and minimizes immediate lease concerns. The property's prime location within the rapidly growing Charlotte metropolitan area offers significant potential for success.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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