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    OFF-MARKET
    Retail properties & Spaces

    000 Sales In 2023, Leesburg, FL 34748

    4,200 SF Built 2016
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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