31014 Union Blvd, Union City - Fully Equipped Freestanding Restaurant

Union City, CA (Alameda County)

31014 Union Blvd, Union City - Fully Equipped Freestanding Restaurant
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Asking Price: $7,500

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

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31014 Union Blvd, Union City - Fully Equipped Freestanding Restaurant

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Business Description

Excellent leasing oppty! Major high traffic blvd in solid area!

31014 Union Blvd, Union City - Fully Equipped Freestanding Restaurant $1.66 sq ft rent
RRC#: 3220
Asking Price: For Lease $7500
Location: 31014 Union Blvd, Union City, Alameda County
Annual Revenue: $840,000
Annual Cash Flow: Contact For Info
Monthly Rent: $7,500

Freestanding restaurant, located on a major, high traffic boulevard surrounded by residential, commercial, industrial and hi-tech business areas. This is a corner location restaurant with excellent visibility, in a very attractive building. The premises is being offered with a very favorable long term lease and rent well under-market. A prospective tenant must be well qualified with previous restaurant operator experience. The corner location property is approximately 5,200 sq ft, and the building street level footprint is an estimated 3,720 sq. ft., plus an additional 800 sq ft mezzanine for overflow seating, or as a venue for private parties, meetings and special events. There's easy access to the mezzanine both from the street level downstairs dining room, and from the kitchen and back of house areas. The dining room currently seats about 68, and the upstairs mezzanine will accommodate seating for approximately 50 guests. There's also additional seating in an outdoor patio area. The long downstairs bar can easily provide seating for an additional 15 customers. The behind bar area is equipped with a 3-compartment sink, ice machine, hand sink, and there's a private office at one end of the bar. The fully equipped kitchen is quite spacious with plenty of storage, and includes a separate quarry floor tiled pantry and prep. room area, with several reach-in refrigerators, prep sink and reach-in freezers. The line kitchen has quarry tiled flooring and features a 13' type one hood with recently serviced fire protection system, a combo 6-burner range and griddle with two ovens, 2-double fryers, a 2-burner gas saute? station, stock pot burner and two refrigerated sandwich prep units. There is a separate dishwashing room with 3-compartment sink, hand sink and a single glassware & pot washing sink. The back of house has an employee restroom, several separate store rooms, and a covered outdoor area with additional refrigeration units and shelf storage. The restaurant's main entrance has a separate foyer reception area, two ADA restrooms, and the entire ground level customer area is wheelchair accessible. The Landlord is offering a 5 year gross lease, with beginning all inclusive monthly rent of $7,500, which comes out to $1.65 sq ft. This is a gross lease, so there are no NNN charges! Two 5-year options will be included. There is huge upside for a new tenant would be applying for an ABC 41 beer & wine license, or to bring in a type 47 full liquor license.

General Information:
Organization: Partnership
Established: 2015
Current Owner: 2015
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $70,000
Monthly Cash Flow: Contact For Info
Annual Revenue: $840,000
Annual Cash Flow: Contact For Info
Payroll: Contact For Info
Monthly Revenue: $70,000

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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