Property profile

0 Greensboro Mexican Restaurant For Sale With $1.7 Million In Sales! Greensboro, NC 27408

OFF-MARKET
Retail properties & Spaces
6,500 SF Built 2008
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Property summary

AI-generated overview

This established Greensboro Mexican restaurant presents a unique investment opportunity. Boasting 6,500 square feet of space in a prime location, this fully-equipped restaurant generated $1,757,906 in sales during 2023. The lease extends until July 31, 2028, with a monthly rent of $25,156. The spacious dining area comfortably seats 210-220 guests, and the extensive commercial kitchen is fully equipped with two fryers, two flat-top grills, two stoves, a convection oven, walk-in coolers and freezers, and ample prep space. Equipment includes a POS system, cameras, and various other kitchen and dining necessities. The restaurant features a variety of seating options including booths, tables, and bar seating. The seller is willing to assist with the transition, provided the current manager remains. This turnkey operation is ideal for an entrepreneur seeking a profitable, established business in a high-traffic area. While the asking price is $275,000, the significant sales history and existing infrastructure make this a compelling investment. The restaurant's location within a busy shopping center contributes to its consistent customer base. The business has approximately 20 employees. Inventory is not included in the asking price. Note that this is a leasehold interest, not a real estate sale.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2008
Total area 6,500 SF

Cap rate & NOI

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

Location

Greensboro Mexican Restaurant For Sale With $1.7 Million In Sales! Greensboro, NC 27408
Greensboro 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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