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#Business ID: 16972

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First Generation Restaurant Space In A Great Location

Business Location: Suwanee, Gwinnett, Georgia, United States

Asking Price: not disclosed Revenue: not disclosed Cash Flow: not disclosed

Business Summary

Features

* Mixed-use development
* Great location
* Pizza or any tavern like business would be perfect
* The sale of burgers should not be in excess of 49 % of the business
* The tenant would need to be around $1.5 in annual revenues
* The landlord is willing to offer $80-100 K in tenant
* Total Monthly Rent $10700
* Pizza

Lease Term: 5 year plus 5 year option
Monthly Rent: $10,700
Hood System: Yes

Neighboring Businesses: The mixed-use development is part of a public-privet partnership that includes more than 63 acres featuring a traditional neighborhood, amphitheater, an interactive water fountain,town-homes,retail,restaurants,office space,city office and service provider.

First generation restaurant space for lease is located in the heart of a thriving community near some of Suwanee's busiest roadways.

First generation metro Atlanta restaurant space for sale or lease in Suwanee Georgia. Suwanee is located in the northwest quadrant of dynamic Gwinett County which has consistently been rated top in the nation in economic strength. In July of 2007, Suwanee, Georga was ranked as "the 10th Best Place to Live in United States" by Money Magazine.

This restaurant lease space is part of a master planned, mixed-use development featuring neo-traditional architecture with blend of old-fashion charm and contemporary conveniences. And is an integral part in Suwanee's appeal as it serves as the primary social locale for the community.

Phase I , now is complete consists of a 28,500 square foot,three-story building featuring upscale retailers,unique restaurant space for lease and office space with town homes. The exciting retail line-up includes:Pj's Coffee,Five Guys Burgers,Sol Interiors,Lil'River Grill,vboggs galleries and Olde Towne Tavern&Grill.

Phase II calls for 25,500 square feet of retail space .

Phase III will include 6,000 square feet of office space and one bank outparcel.

Pizza would be perfect as a primary business and any ''tavern-like'' business that would parallel the Old Towne.If use for sell of burgers it should not exceed 49% of the business.

The restaurants in this Center are averaging around high $1.8+ annually.The tenant would need to be around $1.5 in annual revenues.

The landlord would offer 5-7 years initially with 2 options, if desired with $80-100K in tenant's improvements.The total monthly rent is $10700, based on $26 per square foot plus $3.90 for 2011 CTI.

2009 Demographics show average household income within a three mile radius to be $104,138. Combine that with population of 41,772 in a three mile radius and this Mixed-use development has great opportunity to continue to grow and prosper.

Landlord will request your personal financial statement, background and experience along with a menu for your concept. Contact the listing broker to view.

Property Details

Size:

4295 Sq. Ft.

Property Type:

Lease

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