Newly Renovated Restaurant - Low Rent Opportunity - Do Not Miss This One! Carefree, AZ 85377

Property Details for 0 Newly Renovated Restaurant - Low Rent Opportunity - Do Not Miss This One!

Property size

5,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional, newly renovated restaurant in Carefree, Arizona, presents a unique investment opportunity. Boasting 5,000 square feet, the establishment features a fully equipped kitchen with two true refrigeration prep tables, two Avantco refrigeration prep tables, two CPG 6 gas stoves, a grill burner, a Mainstreet two-basket fryer, an American oven with a two-drawer warmer, two wooden prep tables, a large thaw cart, a Continental two-door oven, a Garland Master 200, four three-tier prep racks, and a four-tap kegerator. The restaurant also includes indoor seating for 50 guests and a patio, creating a welcoming atmosphere for patrons. The current lease, expiring February 27, 2026, includes a five-year option and offers remarkably low rent: $2,185 per month during summer months and $2,251.01 during non-summer months. This low rent is further enhanced by a unique arrangement with a co-tenant, a med spa, which pays additional rent to the restaurant owner. The restaurant generated a gross revenue of $512,069.28 and a cash flow of $154,691.72. The sale includes nine employees, a functional hood system, and significant potential for growth through expansion into available space within the existing footprint, catering services, or menu expansion. The seller is motivated by personal reasons and is not offering seller financing. This turnkey operation is ready for immediate ownership and presents a compelling return on investment in a high-income area (average household income $122,328). The decor is negotiable. Two weeks of support (80 hours) will be provided to the new owner.

Location Insight

City

Carefree

County

Maricopa

State

Arizona

Longitude

-111.915

Latitude

33.8233