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000 Sales In 2023 Leesburg, FL 34748

OFF-MARKET Retail properties & Spaces Google Maps
4,200 SF Built 2016
Estimated value
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Property ID

Property summary

AI-generated overview

This turnkey restaurant in Leesburg, Florida, presents a remarkable investment opportunity. Boasting over $700,000 in 2023 sales and a strong owner benefit, this 4,200 square foot establishment is fully equipped and staffed, ready for immediate operation. The lease, expiring April 29, 2029, with a five-year option, offers exceptionally low monthly rent of $2,825, increasing only $100 annually. The restaurant features indoor seating for 150 guests, a partially finished patio with potential for outdoor dining, and an 18-foot hood system with a grease trap. Current assets include a beer and wine license (with potential for liquor license expansion), a thriving social media presence, and a loyal customer base built through weekly live music events. The restaurant is situated with high visibility on a major roadway, ensuring consistent foot traffic. Equipment includes multiple refrigerators, freezers, cooking appliances, and ample seating. The seller is retiring and offering two weeks of support for a smooth transition. This is an exceptional opportunity for owner-operators or E2 visa candidates seeking a profitable and established business with significant growth potential. The sale includes all existing equipment and the social media accounts.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2016
Total area 4,200 SF

Cap rate & NOI

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

Value estimations

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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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