Key-Money Restaurant/Bar Opportunity - Wilmington Campus District
| Asking Price: | $350,000 |
| Rent: | $17,000 |
| Established Year: | 2020 |
| Gross Revenue: | $2,500,000 |
| FF&E: | $350,000 |
This multi-unit restaurant brand hasn’t connected with the market in this location as well as they hoped. So they are offering this “Key-Money” opportunity @ $495,000 for an operator whose brand will better connect with the vibe of this space.
They have been generating about $2.5MM/year in annual revenue. But the distance away from home base has hindered their ability to penetrate the market as well as they expected in this location.
They plan to re-enter the market in a more suitable location for the brand and are offering this opportunity for an operator that can utilize the infrastructure for a fraction of the cost of a full build-out.
Located on a busy corridor in Wilmington in the heart of the UNCW Campus District – with consistent daily traffic counts of 25,000+ cars per day.
National retailers and other popular eateries line the streets of this section of Wilmington. The area attracts a great cross-section of demographics from local residents, as well as being a popular & convenient stopping destination for travelers going to and from the Wrightsville Beach area.
The infrastructure and all the FF&E assets you’ll ever need are here – the spot is just waiting on the right operator to chart a new path for this location.
If you’re a seasoned operator & brand, with a menu & vibe that can capitalize on this spot, contact our Wilmington/Myrtle Beach team.
Asking Price: $350,000
Rent: $17,000 (Full Net Lease)
20+ Years Remain On Lease w/ Options
Sits on 2+ Acres on busy Oleander Avenue
