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    OFF-MARKET
    Commercial real estate

    513 6Th St, Rapid City, SD 57701

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    AI-generated overview

    This exceptional opportunity presents the chance to acquire the well-established Wine Cellar Restaurant, located at 513 6th St, Rapid City, South Dakota, 57701. Operating for 23 years, this restaurant boasts a loyal clientele and a strong reputation in the thriving downtown area. The Wine Cellar is renowned for its locally-sourced, seasonal menu featuring fresh European and California-inspired cuisine, as highlighted in local magazines. The intimate dining atmosphere and extensive wine list create a charming and sophisticated experience for patrons. The business is offered as a turnkey operation, ready for immediate ownership transition. A beer and wine license is included in the sale. The current lease is a NNN lease with a 5-year term, with 4 years remaining. Five-year renewal options are available. The asking price of $275,000 is exclusive of inventory, which will be tallied at the time of sale. The business is owned by an LLC. For complete financial details and to proceed with the purchase, a non-disclosure agreement (NDA) must be signed. Direct inquiries to employees or the current owner are prohibited unless accompanied by authorized personnel. This is a rare opportunity to own a successful and beloved restaurant in a prime downtown location.

    Property profile
    Verified
    Property type Commercial real estate
    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
    Current use
    Occupant on record · Public records
    • Wine Cellar Restaurant Restaurant
    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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