Jumbo Super Buffet 730 W Spring Valley Rd

8,450 SF Retail Building Richardson, TX 75080 $2,490,000 ($295/SF) 6.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • Heavy day time and night traffic
  • Near Richardson city hall
  • Near Pappadeaux Seafood Kitchen
  • Prime Location
  • Near Alamo Drafthouse Cinema
  • North West corner of 635 George Bush freeway and 75 Central Expressway

EXECUTIVE SUMMARY

Investor or restaurant user. TAC Brokerage is proudly presenting this triple net lease single tenant free standing restaurant building for sale at $ 2,490,000. Cap rate is 6.5%. Asian Buffet formally known as Jumbo Supper Buffet has been the tenant since 2010. Nearly 10 years at the same location. This building was remodeled in 2018 with new roof, new HVAC, new flooring, new entrance and new plumbing. 3/1/2018 to 2/28/2024 @ $ 18 / sqft = $ 12,750
3/1/2024 to 2/28/2028 @ $ 19 / sqft = $ 13,500
$ 13,500 x 12 = $ 162,000 NOI
Nestled in a prime location, 75 freeway and Spring Valley Rd crossing, this exceptional single-tenant restaurant presents a golden opportunity for seasoned restaurateurs or ambitious entrepreneurs to acquire a thriving culinary haven. Boasting a stylish and inviting ambiance, this establishment has successfully established itself as a culinary destination of choice.
Key Features:
Prime Location: 75 Central Express Freeway exit on Spring Valley Rd in Richardson, TX. Situated in a bustling area with high foot traffic, ensuring maximum visibility and accessibility for patrons.
Turnkey Operation: The restaurant comes fully equipped and operational. Excellent businesses. From state-of-the-art kitchen facilities to meticulously designed dining areas, everything is in place for continued success.
Unique Culinary Concept: Stand out from the crowd with a distinctive culinary approach that has earned a loyal customer base. Whether it's a signature dish, a themed atmosphere, or a specialized menu, this restaurant has a unique identity that sets it apart by providing international dishes from Asia. We have sushi, main hot dishes, fruit and salad, desert / ice cream. It is an All you can eat buffet concept.
Stylish Interior: The interior design is both aesthetically pleasing and functional. Guests enjoy a comfortable and visually appealing space, creating an unforgettable dining experience.
Proven Track Record: A history of consistent profitability and positive customer reviews attest to the restaurant's popularity and enduring success.
Diverse Revenue Streams: Beyond regular dining services, explore additional revenue streams such as catering, private events, or partnerships to maximize income potential.
Liquor License: The sale includes a valuable liquor license, allowing for an expanded beverage menu and enhancing the overall dining experience.
Established Brand: Benefit from an already established brand presence in the local community, making marketing efforts more effective and reducing the time required to build brand recognition.
Don't miss the chance to own this turnkey single-tenant restaurant. It's not just a business; it's a culinary experience waiting to be continued and elevated. Contact us to schedule a viewing and explore the endless possibilities that come with this remarkable opportunity.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,450 SF
Building Class
C
Year Built/Renovated
1976/2018
Price
$2,490,000
Price Per SF
$295
Cap Rate
6.50%
NOI
$161,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.31 AC
Zoning
LRM, Richardson - Commercial
Parking
84 Spaces (9.94 Spaces per 1,000 SF Leased)
Frontage
102 FT on W Spring Valley Rd

AMENITIES

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Energy Performance Rating - A
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Asian Buffet
  • -
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Asian Buffet - 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (73)

NEARBY MAJOR RETAILERS

Razzoo's Cajun Cafe
IHOP
La Michoacana Meat Market
Chili's Grill & Bar
Saltgrass Steak House
Denny's
Waffle House
Pappasito's Cantina
Pappadeaux Seafood Kitchen
Fast Eddie's

PROPERTY TAXES

  • Listing ID: 31084646

  • Date on Market: 2/29/2024

  • Last Updated:

  • Address: 730 W Spring Valley Rd, Richardson, TX 75080