Surprise, Arizona, is an attractive destination for investors seeking to capitalize on the growing demand for restaurants. With a population of around 130,000, Surprise offers a diverse range of opportunities for restaurateurs to establish a successful business. Restaurants in Surprise can cater to a wide range of customers, from families to retirees, and offer a variety of cuisines to suit different tastes. The city's infrastructure, including Loop 303 and U.S. Route 60, provides easy access to major areas in the region, making it an ideal location for restaurants. Additionally, Surprise is home to several cultural amenities, such as public art installations and community events, which can help attract customers to local restaurants. The city's strong economy, driven by healthcare, retail, education, and government sectors, also provides a stable foundation for businesses to grow.
With 5 restaurants for sale in Surprise, investors have a range of options to choose from. Surprise offers a unique blend of small-town charm and big-city amenities, making it an attractive location for restaurants. In addition to restaurants, Surprise also offers a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors can explore opportunities in apartment buildings, which can provide a steady stream of income, or shopping centers, which can offer a diverse range of retail spaces. Specialty properties, such as office buildings or warehouses, can also provide unique investment opportunities. Meanwhile, hotels in Surprise can cater to the city's growing tourism industry, driven by attractions like the Surprise Stadium and the Surprise Tennis and Racquet Complex. Overall, Surprise offers a diverse range of investment opportunities for those looking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in Surprise?
The average cost per square foot for a restaurant in Surprise is $1,763 USD per square foot, with an average size of 3,048 square feet and a largest size of 5,472 square feet, among the 5 available listings.
What factors determine the value of a restaurant for sale in Surprise?
The value of a restaurant for sale in Surprise is determined by a combination of factors, including:
- Location, with proximity to major roads like Loop 303 and U.S. Route 60, and accessibility to local amenities like the Surprise Aquatics Center and Hollyhock community pool, impacting foot traffic and customer base;
- Size and layout, with an average size of 3,048 square feet, and a maximum size of 5,472 square feet, affecting seating capacity, kitchen space, and overall operational efficiency;
- Financial performance, including the average price per square foot of $1,763 USD, and an average cap rate of 5.08%, influencing the restaurant's profitability and return on investment.
