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Note
Turn-key Investment - 6% cap rate

Property Overview

Price/Rent PSF $ 2,200,000.00
Asset Type Restaurant
Secondary Asset Type Retail
Trade Type Sale
SQ. FT. Available 5574.00
Date Available 03/11/2020
Parking 44
Search Demographic Data LandCheck Explore financing options
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Description

Turn-key investment alert! Completely remodeled, high-end restaurant with sale/lease back opportunity. The tenant operator is well-established and extremely strong in the Asheville market. Located in great location off Tunnel Rd. only 0.8 miles from interstate I-240 and 26,000 VPD at junction of Tunnel Rd. and New Haw Creek Rd. The property boasts high end finishes throughout with extra large kitchen/prep area and storage, spacious dining room with vaulted ceilings, bar area with seating, and a petanque court for gaming entertainment. Paved parking includes 44 spaces plus 2 handicap parking spaces and additional off site parking for staff. Offered at a 6% cap rate. Contact listing broker for showings; do not disturb tenant.

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