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    OFF-MARKET
    Retail properties & Spaces

    Restaurant for Sale In Growing University Area! Turn Ky, Charlotte, NC 28262

    1,021 SF Built 2021
    Property ID
    Property summary
    AI-generated overview

    This turnkey restaurant, established in 2021, presents a unique opportunity for immediate operation. Located in Charlotte, NC (zip code 28262), this 1,021 square foot space boasts a prime location near universities, residential areas, and commercial hubs, ensuring high visibility and accessibility. The lease, expiring May 30, 2027, offers a 3-year term. The fully equipped kitchen includes a wide array of modern appliances and equipment, exceeding industry standards. Included assets are a mixer, ice machine, espresso machine, multiple dunnage racks, blenders, electric burners, a deli table, ample storage, and a three-compartment sink, among other items. The dining area features seating for six, three tables, a custom wall bench, and a custom counter. Three menu TVs and a three-camera security system are also in place. The restaurant's strategic location, combined with ample parking, provides exceptional convenience for both staff and customers. This asset sale offers a significant advantage over starting from scratch, eliminating the lengthy delays and financial burdens associated with sourcing equipment and establishing operations. The seller is motivated to pursue a new career. The restaurant's proximity to a growing university area and thriving residential neighborhoods presents significant growth potential for a new owner. The asking price is $149,000, and seller financing is not available. The business employed 12 people.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2021
    Total area 1,021 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
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