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    Retail properties & Spaces

    0 Buford Ga Mexican Restaurant & Bar, Norcross, GA 30071

    4,400 SF
    Property ID
    Property summary
    AI-generated overview

    This thriving Mexican restaurant and bar in Norcross, Georgia, presents a unique investment opportunity. Located in a nationally anchored center in Gwinnett County (zip code 30071), this well-established business boasts 4,400 square feet of space, including a large outdoor patio. The interior comfortably seats 220 patrons, with an additional 16 bar seats and 60 seats on the patio. Ample parking is available for customers. The current owner invested $400,000 in opening the establishment, and the business has demonstrated consistent profitability, achieving $1,200,000 in gross sales in 2023, with 2024 sales tracking similarly. The all-inclusive monthly rent is $12,000, with a primary lease term exceeding 9 years and a 5-year renewal option. The business is offered for sale at $295,000 and includes existing staff. This turnkey operation presents the opportunity to continue operating as a successful Mexican restaurant or to convert the space to another suitable concept.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 4,400 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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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