Restaurant For Sale In NoDa With Outdoor Patio! Incredible Turn Ky Charlotte, NC 28205
This turnkey restaurant opportunity in Charlotte's vibrant NoDa neighborhood presents a unique chance for immediate business operation. The 1,500-square-foot space, built in 2019, is fully equipped with a comprehensive kitchen featuring display coolers, keg coolers, a full bar, convection ovens, mixers, freezers, a walk-in cooler and freezer, and a grease trap. The included equipment also encompasses two POS systems with cash drawers and printers, espresso machines, blenders, and more, minimizing the start-up time and costs associated with opening a new restaurant. The restaurant benefits from an attractive monthly rent of $4,988.11, inclusive of CAMs, taxes, and insurance, under a 5-year lease. The property boasts an appealing outdoor patio, adding to its overall charm and customer appeal. The current configuration offers indoor seating for 145 patrons and has historically operated for both lunch and dinner service. The business currently employs 14 full-time and 4 part-time staff members. The location within NoDa offers excellent visibility and accessibility, capitalizing on the area's thriving business landscape and ongoing urban renewal. This is a remarkable opportunity to acquire an established restaurant with significant potential for growth in a highly sought-after location. The seller is motivated by personal reasons.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.