Restaurant/Bar For Sale in Fayetteville
Asking Price: | $1,950,000 |
Established Year: | 2005 |
Gross Revenue: | $825,000 |
The subject property is a 9,176 sq. ft. (450 capacity) restaurant/event property that consists of a a large main event space with wraparound bar, dining room, a private event space with bar, fully equipped kitchen in excellent condition, outside patio area with bar (1,587 sq. ft.), and a large parking lot (145 surface spaces), and many other desirable characteristics. The traffic count is 23,480 VPD.
The subject property is located in the Southwest Fayetteville Submarket, one and one-quarter miles (1.25 miles) from the nearest entrance to Fort Liberty. In addition to the surrounding subdivisions, Fort Liberty provides an excellent retail customer pool. As the world's largest military installation in terms of population, Fort Liberty houses a staggering 43,000 active-duty troops and serves nearly 70,000 active-duty family members, 11,000+ civilian employees, and 5,000+ contractors.
The subject property is also located one (1) mile from the All-American Freeway and two (2) miles from I-295, also known as the Fayetteville Outer Loop, providing the customers convenient access to the property and major roads in and around Fayetteville. For more information, see the Executive Summary Demographics and Business Summary Demographics are enclosed below. Fayetteville, NC, is the seat of Cumberland County and serves as economic and cultural hub of southeastern North Carolina, mainly due to the $8.8 billion economic stimulus that Fort Liberty provides for the region.