1925 N. College in Fayetteville - SOLD
Type: Real Estate
1925 N. College Avenue, Fayetteville, Arkansas (Formerly AQ Chicken Restaurant)
Property is on a 24 year land lease at the current rate of $2,400 per month/triple net with the first right of refusal to purchase the property at appraised value.
Building is a 10,075 sq. ft. structure which was built in 1992 and exterior was remodeled in 2016 with new exterior wood replacement, new paint, new gutters, new roof complete, new 10 ton air conditioning and ready to occupy.
Building still has all equipment which was purchased when the building was purchased.
The downstairs is approximately 9,000 sq. ft. and the upstairs can be used for private dining with dumb waiter and dual stairs for easy access that seats approximately 40 to 50 guests. The entire building seats approximately 300 to 350 guests.
The kitchen contains numerous freezers, walk-in cooler and walk-in freezer, a great deal of cooking equipment with vent hoods, food prep area, all plates, forks, knives and small goods for a kitchen. Includes fryers, ovens, microwaves, posts, pans, equipment, large mixing vessel, 1,000 lb. ice maker, wait station, POS system with computer and printer, security system and thousands of dollars worth of additional equipment and signage, interior decor, and cleaning equipment.
The building has a full sprinkler system, sound system, and safe. Building and all equipment are included in the purchase price.
Price has been recently reduced to sell for $650,000 from $850,000. Owner will do some financing for the right buyer with good credit and food experience. Terms to be agreed upon between buyer and seller. (Owner will finance $100,000 for 5 years).
All agents will be honored with a sales commission as published in the MLS.