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OFF-MARKET
Retail properties & Spaces

Norman Cafe for Sale - Growing High-End Area! Lk Cornelius, NC 28031

2,094 SF
Property ID
Property summary
AI-generated overview

This thriving Cornelius, North Carolina cafe presents a unique investment opportunity. Priced at $110,000, this 2,094 square foot restaurant is situated in a high-growth, high-end area of Mecklenburg County (zip code 28031). The current lease has five years remaining, expiring November 29, 2024, with a monthly rent of $4,236. The cafe is fully equipped and ready for immediate operation, including a comprehensive inventory of commercial kitchen equipment such as freezers, prep tables, mixers, warmers, a POS system, ovens, an espresso machine, and more. The seating arrangement includes 14 chairs, a couch, 18 barstools, and several tables. The business currently employs five people. The sale is an asset sale and does not include seller financing. The cafe benefits from a high-traffic location, attracting significant foot traffic and offering excellent potential for catering and third-party delivery services. Cornelius's robust economy and growing population, coupled with its proximity to Lake Norman, create a strong market for restaurants. This turnkey operation allows a new owner to focus immediately on building their business and serving the community. The asking price does not include inventory. The reason for the sale is not specified.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,094 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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