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315 N Bell Blvd
Cedar Park, TX 78613

$6,147 USD/MO

Restaurant For Lease  •  3,688 SF

Property Details

  • Property Type Restaurant
  • Year Built 1973
  • Total Building Size 3,688 SF
  • Tenancy Single
  • Building Class B
  • Zoning GR, Austin
0 Transit Score
54 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 3,688 SF $20.00 USD/SF/YR
Business for sale at $180,000.00. The base rent is $20/sf and the base rent with NNN is about $9000/month. The owner of the business is also the owner of the building. So the lease will be the first time ever. The owner will not pay buyer agent's commission. Commercial application fee $100 per application. Admin fee $1,000 per property. Please note the property has a patio that comes with the lease without charging the base rent or NNN The dimension is 30x47 ft. The inside is permitted for 99 seats. 40 parking spaces available, with two walk-in fridge/freezer units.

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Sublet

Description

DEAL STRUCTURE (No Real Estate Included)
What’s for sale: Business build-out + equipment assets only
Asset purchase price: $150,000
Building: NOT for sale (lease only)

LEASE ECONOMICS
Base Rent: $20 / SF (cheapest in the area)
NNN: $10 / SF          (cheapest in the area)
Total Base Rent and NNN:                              $30 / SF
Monthly Rent (Base + NNN):                          $9,000
Upfront Costs After Asset Purchase
Paid at or before lease assignment/approval:
Item	                                                                              Amount
Security Deposit (1 month rent)	                                           $ 9,000
Application Fee (to Listing Agent)	                                   $  150 per application (each tenant)
Admin Fee (Listing Agent)	                                                   $ 1,000
Total Upfront Lease/Admin Costs	                                           $ 10,150

TOTAL CASH REQUIRED TO TAKE OVER THE RESTAURANT BUSINESS
Category	Amount
Business Assets Purchase	                                                   $ 150,000
Deposit + Fees	                                                                    $  10,150
Total Initial Cash Outlay	                                                    $ 160,150
Ongoing Monthly Obligation
Monthly Rent (Base + NNN): $9,000
Paid directly to the Landlord

SUMMARY SNAPSHOT
Buy-in:                                                                              $ 150,000 assets only
All-in to close:                                                                  $ 160, 150
Monthly base rent and NNN                                           $  9,000
No ownership of real estate
Rent term 5 years and 5 years optional
The tenant must have good credit scores, other income or asset, and experience.

Highlights

The Bell District in Cedar Park is a major mixed-use development transforming the old Bell Boulevard corridor into a vibrant and dense population.

Amenities

  • Dedicated Turn Lane
  • Pylon Sign

Major Tenants

Tenant SF Occupied Lease End Date
Kim Phung Restaurant

Public Transportation

AirportDriveWalkDistance
Austin-Bergstrom International 44 min - 31.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Linh Thuy Nguyen 512-535-8783 Ameriblue Homes
Linh Thuy Nguyen 512-535-8783 Ameriblue Homes