Greenville, South Carolina
Asking Price: $275,000
Listing ID: GVL0009
Sq. Footage: 2,400
In a land of wildly escalating rents, this downtown restaurant & bar has a lease through 2026 that is about $20PSF less than the downtown average. You read that right … the current rent on this place is under $13PSF in a market that is fetching close to $40PSF up and down Main Street. That equates to roughly $50,000 per year of bottom-line advantage that you can have over the entire downtown Greenville market. And this is a prime spot in the downtown Greenville market!
So, you can go anywhere else in the area to find a restaurant & bar space for lease – but pay the landlord more than $50,000 per year out of your operating budget and spend $300,000+ to build out the space … or you can choose to take this spot over and put that money in your pocket for at least the next 7 years.
It doesn’t take a brilliant business mind to realize the economic advantages you’ll have over every competitor around. Anyone knows that if you’re paying 2/3 less rent than the next guy, happy hour is good for customers AND YOU!
The owner is offering this opportunity w/ some very aggressive financing for a qualified operator – with a purchase price of $275,000, he will agree to a $100,000 down payment and owner-finance the balance (additional terms to be negotiated).
So, you can own a bar/restaurant in downtown Greenville w/ only $100,000 out of pocket! That’s why you do business w/ National Restaurant Properties – we put fair deals together.
Very confidential listing. Contact National Restaurant Properties for a confidential review.