Property profile

Restaurant for Sale with Massive Hood in Charlotte Area !! Turn Ky Charlotte, NC 28216

OFF-MARKET
Retail properties & Spaces
7,662 SF Built 2021
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Property summary

AI-generated overview

This turnkey restaurant opportunity in Charlotte, NC presents a unique chance to acquire a thriving business without the usual start-up hurdles. Located in a high-traffic area with excellent visibility, this 7,662 square foot space is ideally suited for immediate operation. Built in 2021, the restaurant boasts a substantial 34-foot hood system, walk-in cooler and freezer, extensive prep areas, and ample storage. The kitchen is fully equipped with a wide array of commercial-grade appliances, including multiple prep tables, sinks, fryers, and a wok station. The dining area comfortably seats approximately 160 patrons, featuring booths, tables, and high-top seating. The current lease has 7 years remaining, with a 5-year option, at a monthly rate of $30,114.79, inclusive of CAMs, taxes, and insurance. The sale includes a comprehensive inventory of equipment, including multiple POS systems, ice machine, and various other essential items. The business currently employs 15 people (5 full-time, 10 part-time). The seller is motivated by personal reasons and is offering this exceptional opportunity for $199,000. The address is confidential, but the location is easily accessible and within Mecklenburg County, zip code 28216. This is a rare chance to step into a ready-to-operate restaurant with significant potential for growth.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2021
Total area 7,662 SF

Cap rate & NOI

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

Location

Restaurant for Sale with Massive Hood in Charlotte Area !! Turn Ky Charlotte, NC 28216
Charlotte metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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