BBQ Restaurant with Income Producing Property

2201 Ferguson Rd., Johnson City, TN 37604, TN, 37604

6,160 SF
$780,000

Listing Details

List Price
$780,000
List Price Per SF
$126.62
Terms
50% cash, balance at 6%, 10-year amortization, 5 year call
Financing Avail.
Yes
Total Income
$82,046
Total Expenses
$53,687
NOI
$28,359
Cap Rate
3.64%
List Date
2/26/2024
Possession
Now
Signage
On Building & Free-Standing
Show Instructions
Call broker
Listing ID
39939086

BBQ Restaurant with Income Producing Property

Here is a rare opportunity to own a regionally popular mainstay dine-in BBQ restaurant and catering business. The offering also includes the property that houses the business. It is a single-story multi-tenant 6,160 sq ft commercial building with three other revenue generating lessees. There is a road-side sign with a messaging area. Indoor seating is 60. The dining room is attractively decorated and meticulously clean. Parking is easy and convenient for accessing the building. Three indoor smokers are included in the equipment package. Seller is willing to train a new owner for up to two weeks as part of the sale. The current staff is trained and reliable; they are also capable of running the restaurant in the owner's absence with a moderate level of supervision. This business is best as an owner/operator enterprise but is equally suited for passive ownership for someone who can provide operations oversight. This is a good candidate for SBA financing. Great for Veterans business ownership. Ideal for a family owned and operated business. Seller has decided to devote time to other investments.

Over the years this establishment has built a large base of repeat customers who know the food is good and the service is excellent. To understand more about the opportunity, see additional link for details about the business and to obtain an NDA.

Don't miss this unique opportunity to be your own Landlord with a thriving BBQ restaurant with income-generating investment property. Owner prefers to sell business and property as a package. Contact agent for further details and financials.

#rental income#restaurant

Space Details

Total Available
6,160 SF
Primary Use
Retail
Secondary Uses
Office, Hospitality
Owner Occupied
Yes
Investment
Yes
Real Estate Taxes
$6,383 in 2021

Property Highlights

Type
 Retail: Strip Center
Size
6,160 SF, 0.57 Acres
Occupancy Type
Multi-tenant
Number of Buildings, Floors
1 , 1

Contact

Ramon Luis Sanchez-Vinas

TCI Group-Jerry Petzoldt Agency LLC

Ryan Ketron

TCI Group-Jerry Petzoldt Agency LLC

BROKER

Source: NETAR CMLS

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