For Sale
$395,000

0Fort Carson, CO 80902

Profitable Restaurant & Bar, 3,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This thriving Colorado Springs restaurant and bar is offered for sale at $395,000. The 3,000 square foot establishment boasts a spacious outdoor patio with seating for over 110 patrons, adding significant capacity to the indoor dining area. The property includes a full liquor license, allowing for the sale of beer and wine, and features over 15 large-screen TVs offering a wide variety of viewing options. The menu includes craft beers, handcrafted cocktails, and full bar and food menus, catering to a diverse clientele. The business benefits from strong year-round traffic, driven by lunch, dinner, and late-night crowds. Its location within a rapidly growing market, surrounded by new luxury homes, apartments, condos, retail outlets, hotels, office parks, and a new 8,000-seat amphitheater, ensures a robust and expanding customer base. The current lease is a NNN (Net, Net, Net) agreement with a franchisee tenant, offering a 10-year term expiring December 26, 2035, with a remaining term of one year. Rent increases are set at 2% annually, providing predictable income growth. Lease options for renewal are available for terms of 2 to 5 years. This turnkey operation presents a unique opportunity for an investor seeking a well-established and profitable business in a prime location. The property's strong performance and favorable lease terms make it an attractive investment prospect.

Highlights

  • $395,000 asking price for this established restaurant and bar business.
  • 3,000 square feet plus outdoor patio seating for 110+.
  • NNN lease with a franchisee tenant, 10-year term expiring 12/26/2035 (1 year remaining).
  • Features a full liquor license (beer & wine), 15+ TVs, and a wide selection of craft beers and cocktails.
  • Strong year-round traffic due to lunch, dinner, and late-night business, situated in a high-growth area with new residential and commercial development.

Property Details

Property type
Retail properties, Bars
Square Feet
3,000 SF

Location Insight

City
Fort Carson
County
Palm Beach
State
Colorado

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