Property summary
This turnkey restaurant opportunity in Pineville, North Carolina, presents a compelling investment prospect. The 1,805-square-foot property features a drive-thru, significantly enhancing operational efficiency and revenue potential. Currently operating as a franchise, the business offers the option to continue the established brand or introduce a new concept, leveraging the existing infrastructure and loyal customer base. The lease, expiring February 12, 2033, includes a monthly rent of $6,265, encompassing CAM charges. The property boasts ample seating for 20 customers and includes a comprehensive inventory of equipment, ranging from espresso machines and ovens to refrigerators and freezers, along with various shelving and seating. The business currently employs 21 individuals, ensuring smooth daily operations. Located in a high-traffic area with excellent visibility, this restaurant benefits from its proximity to other businesses and local attractions, promising continued growth. A $5,000 transfer fee covers training for the existing franchise, while modest royalty and marketing fees apply if the franchise is continued. The seller is motivated, offering this exceptional opportunity for immediate operation or innovative re-conceptualization. The property's strong location within a growing area of Mecklenburg County, near Charlotte, NC, and the presence of new retail developments, further underscores its investment appeal. The asking price is $599,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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