Cary, North Carolina, is a prime location for investing in restaurants, with its strong economy, high educational attainment, and above-average household income. Restaurants in Cary offer a unique opportunity to capitalize on the town's growing population and diverse demographics. Whether you're looking to invest in a casual dining establishment, a fine dining restaurant, or a quick-service eatery, Cary's restaurant scene has something to offer. With its rich history, educational institutions, and cultural attractions, Cary is an attractive destination for residents and visitors alike, making it an ideal location for restaurants. The town's infrastructure, including the Cary/Apex Water Treatment Facility, Duke Energy, and Dominion Energy, ensures a reliable supply of essential services. Additionally, Cary's proximity to the Research Triangle Park and its transportation facilities, such as the Raleigh–Durham International Airport and the Cary Station, make it easily accessible to a large customer base. The town's amenities, including the Fred G. Bond Metro Park, Hemlock Bluffs Nature Preserve, and William B. Umstead State Park, provide a unique opportunity to create restaurants that cater to outdoor enthusiasts and nature lovers. With 1 restaurants for sale in Cary, there are plenty of opportunities to find the perfect investment property.
Cary's restaurant scene is characterized by its diversity, with a range of cuisines and dining options available. The town's economy is driven by technology companies and manufacturing firms, making it an attractive location for restaurants that cater to professionals and families. In addition to restaurants, Cary is home to various other property types, including apartment buildings, shopping centers, specialty properties, and hotels. The town's apartment buildings offer a range of options for residents, from luxury apartments to affordable housing. Shopping centers in Cary provide a convenient location for retail and dining establishments, while specialty properties, such as office buildings and warehouses, cater to the town's growing business community. Hotels in Cary offer a range of accommodations for visitors, from budget-friendly options to luxury hotels. With its diverse range of property types, Cary is an attractive location for investors looking to diversify their portfolio. Whether you're looking to invest in a restaurant, apartment building, shopping center, specialty property, or hotel, Cary has something to offer.
What is the average cost per square foot for a restaurant in Cary?
The average cost per square foot for a restaurant in Cary is $588 USD per square feet, with available listings totaling 1 and average sizes ranging from 7,500 square feet to 7,500 square feet.
What factors determine the value of a restaurant for sale in Cary?
The value of a restaurant for sale in Cary is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like the Raleigh-Durham International Airport and Interstate 40, as well as accessibility to local amenities like parks and shopping centers, playing a significant role in determining value.
- The size and condition of the property, with average sizes ranging from 7,500 square feet to 7,500 square feet, and the overall condition of the building and equipment affecting the sale price.
- Financial performance, including the average cap rate of 5.78%, and the restaurant's revenue and profit history, which can impact the sale price and attractiveness to potential buyers.
