Closed Midtown Atlanta Food Hall Restaurant for Lease @ The Collective (CODA ) Steps from GA Tech – $95,000
Closed Midtown Atlanta Food Hall Restaurant for Lease @ The Collective (CODA ) Steps from GA Tech – $95,000
Price: $95,000
Location: Fulton
Industry: American Restaurants, Miscellaneous Restaurant and Bars, Other Restaurants and Food
Listing ID: 4035
Midtown Atlanta Food Hall Restaurant for Sale.
Formerly Wildleaf.
Located at The Collective Food Hall, 756 W Peachtree St NW Suite C, Atlanta, GA 30308.
Key Money at $95,000 to acquire all furniture, fixtures, and equipment.
Owner financing will be considered.
Gross Revenue: N/A
Cash flow: N/A
FFE Included: Yes
Terms and Conditions?:
Key Money at $95,000 to acquire all furniture, fixtures, and equipment.
Reason For Sale:
Asset sale.
Training & Support:
N/A
Monthly Rent: Ask broker
Type of Location: CODA
Square Footage: 769
Facilities Information:
Seller Info:
769 square feet restaurant
200 square feet of storage
Rent, CAM, taxes approx. $5K/month all-in
Five-year lease with 4.5 years remaining, option for another 5 years
Modest annual escalators
Build out of approximately $250K (excluding equipment) completed in February 2020
Mostly new equipment at a cost of over $50K; Equipment has barely been used
Opened on a limited basis in Nov 2020
Located in The Collective food hall at CODA in Tech Square
Three concepts currently operating in The Collective, with one more restaurant and a full-service bar under construction
Serves mix of office workers, midtown residents, and Georgia Tech students
Located in the first of three buildings in CODA, a three building complex consisting of 1.3 million square feet of office space. The first two buildings are nearly 100% leased, and the third building is 85% leased and expected to be 100% leased by year end.
Less than two blocks from Norfolk Southern’s recently opened 700,000 square feet headquarters; Less than two blocks from 1.8 million square feet Tower Square office complex; Three blocks from the Fox Theatre; Two blocks from the Biltmore building; One block from the Ga Tech Hotel & Conference Center; One block from the Ga Tech Scheller College of Business.
Tech Square is an eight-block innovation district created by the Georgia Institute of Technology to attract new tech companies and innovation to the city
Walk-in cooler 7’x9’
Combination Oven electric 16-pan (Alto-Shaam CTP7-20E); Includes ventless hood (Alto-Shaam 7-20EVH)
Undercounter Merchandiser 36” air curtain (Structural Concepts CO3324R-UC)
Steam Kettle 6 gallon (Groen)
Ice Maker (Hoshizaki)
Ice Bin (Manitowoc)
72” Sandwich Prep Table (Delfield)
48” Sandwich Prep Table (Atosa)
Hot Cabinet (AquaTemp CresCor)
Salad Spinner (Sammic)
2 x Panini grill 14”x14” (Waring WFG275T)
2 x Steam table electric 2-pan (Servit EST-2WE)
2 x Ice cold table 48” (Eagle Group PCP-3)
Various new sinks and tables
Various small wares, blenders, meat slicer, etc
Toast POS equipment
Competition:
Ask broker.
Potential Growth:
Ask broker.
Financing/Terms:
Maybe, ask broker.