Turnkey 2nd Generation Restaurant Space - Grocery Anchored Center
Exceptional opportunity to acquire a fully built-out, second-generation restaurant space located within a high-traffic grocery-anchored retail center in the heart of the Smyrna commercial corridor.
Overview
Positioned along a major arterial road in the 30080 ZIP code, this space benefits from the immense daily foot traffic generated by the anchor grocery tenant. The center boasts phenomenal ingress and egress, high visibility from the primary roadway, and robust traffic counts. The immediate demographic features a high concentration of affluent suburban households, making it a prime location for an elevated casual dining or specialized culinary concept.
Financial & Lease Summary
- Asking Price: $149,000 (Reduced from original $175,000 asking price for rapid transaction).
- Implied Buildout Value: The original operator invested over $1,000,000 in capital expenditures just over 18 months ago, making this an extreme discount-to-replacement-cost acquisition (~85% discount).
- Gross Sales / Cash Flow: N/A (Asset Sale / Space Acquisition).
- Lease Terms: Highly competitive NNN lease structure currently in place. Buyer must demonstrate adequate liquidity and operational history for the landlord to assign the lease. Details available upon signed NDA.
Facilities & Equipment
- Facility Size: Estimated 3,200 sq ft end-cap or highly visible inline position.
- Kitchen Assets: The facility is completely turnkey. It features massive mechanical infrastructure including long runs of Type 1 commercial exhaust hoods, a fully permitted and installed high-capacity 1,500-gallon grease trap, make-up air units, and multiple walk-in coolers and freezers.
- Seating & Parking: Expansive dining room layout capable of accommodating 100+ guests. The grocery-anchored plaza provides an exceptionally high parking ratio (typically 5:1000 or greater), completely mitigating the parking constraints often found in standalone Smyrna locations.
Deal Structure & Assets
- Licenses: Space is fully zoned for commercial restaurant use. Any pouring licenses (beer, wine, liquor) must be applied for independently by the acquiring entity through the City of Smyrna.
- Reason for Sale: Distressed first-generation operator unable to sustain working capital through the initial stabilization phase.