730 W Spring Valley Rd - Restaurant FOR SALE


Richardson, TX 75080
$2,490,000 USD
469-999-8746
730 W Spring Valley Rd, Richardson, TX for Sale
$2,490,000 USD
Restaurant - FOR SALE
1/55
null | 6.5% Cap Rate

730 W Spring Valley Rd
Richardson, TX 75080


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Jumbo Super Buffet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

56,930 SF

ZONING

LRM, Richardson

APN/PARCEL ID

42045800000010000

ASK ABOUT THIS PROPERTY

Carole Tam, CCIMTAC Brokerage and Consultant LLCMore Info
469-999-8746

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Carole Tam, CCIMTAC Brokerage and Consultant LLCMore Info
469-999-8746

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.