Property profile

000 In Owner Take Home Annually! Spring, TX 77379

OFF-MARKET
Retail properties & Spaces
8,230 SF Built 2007
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Property summary

AI-generated overview

This thriving Spring, Texas bar and grill, established in 2007, is offered for sale at $499,000. Boasting 8,230 square feet of space, it features a fully equipped kitchen with multiple fryers, a grill, flat top griddle, convection oven, walk-in cooler, and ample prep areas. The spacious interior comfortably seats 150 patrons, complemented by a fantastic patio. Entertainment options include pool, darts, shuffleboard, and golden tee, along with numerous TVs for sports viewing. The current lease expires December 2024, with two five-year options available. The current monthly rent, including NNN charges, is $15,652 ($2.38 per square foot). The business enjoys a strong local following, built over 17 years, with significant potential for growth through menu expansion and increased customer frequency. Financial records indicate a gross revenue of $1,584,593 and a cash flow of $198,917 annually, representing a substantial owner take-home of $200,000. The sale includes all equipment, including a POS system, dual-head frozen drink machine, and a comprehensive inventory of barware and kitchenware. This turnkey operation presents a unique opportunity for an experienced restaurateur or investor seeking a profitable and established business in a prime location. Financing may be available with a 20% down payment. The seller is motivated by a career change.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2007
Total area 8,230 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

000 In Owner Take Home Annually! Spring, TX 77379
Spring metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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