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    FOR SALE
    Turn key restaurants

    15375 Addison Rd, Addison, TX 75001

    4,974 SF 0.61 ac lot Built 1983
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US82-0753405
    Property summary
    AI-generated overview

    This exceptional turnkey business opportunity presents a fully operational restaurant, hookah lounge, and cafe located at 15375 Addison Road in the thriving city of Addison, Texas. The property encompasses a substantial 4,974 square feet situated on a 0.61-acre lot. The building itself underwent a complete rebuild in 2023-2024, resulting in a modern and efficient space equipped with brand new kitchen equipment and furniture. This comprehensive renovation ensures a seamless transition for the new owner, eliminating the need for costly upgrades or repairs. The sale includes not only the freestanding building and land but also all existing equipment, machinery, furniture, and inventory, providing a truly turnkey operation ready for immediate revenue generation. Addison is renowned for its upscale amenities, prestigious events, and presence of internationally recognized brands, creating a highly desirable and lucrative market for this type of establishment. The property's prime location within Addison guarantees high visibility and accessibility, attracting a substantial customer base. This is a rare opportunity to acquire a well-established and fully equipped business in a prime location, offering significant potential for growth and profitability. The asking price for this remarkable property is $3,499,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1983
    Construction TILT-UP CONCRETE
    Total area 4,974 SF
    Lot 0.61 ac (26,702 SF)
    Zoning code Z137
    APN 10000901056000000
    UPID US82-0753405
    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
    Current use
    Occupant on record · Public records
    • Nine45North Restaurant
    • Noor Cafe Restaurant
    • Villa Lounge Bar & Pub Nightclub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Luscious Cafe LLC · 3 yrs held
    Luscious Cafe LLC
    since 2022
    7 recorded transactions
    2022
    2016
    2007
    2001
    1969
    1969
    1969
    Zoning & alternative use
    Z137 · Addison, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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