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506 Merhar Avenue, Fairbanks, AK

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DetailMap
506 Merhar Avenue

Fairbanks, AK 99701-3166


Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:-
Building Size:7,906 SF Land Area:1.9 AC (82,764 SF)
% Leased:
For Sale Price:$2,950,000 Price/SF:$373.13
Cap Rate:-
Smallest Space:7,800 SF Largest Space:7,800 SF Total Space Avail:7,800 SF Rent/SF/Yr:
$36.00


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
7,800 SF
$36.00/SF/Yr
Vacant
Negotiable
Retail
 
11941927
Marketing Flyer Marketing Flyer  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
7,800 SF
$36.00/SF/Yr
Vacant
Negotiable
Retail

Sale Notes:
7,800 sf free standing restaurant facility on 82,000 sf parcel. As a former Chili' s top store, did impressive numbers including setting first week national record in it' s fall 2005 opening. This site is in the heart of a retail area including 4 hotels, Home Depot, Sam's Club, Sportsman's Warehouse, Lowes, Petco, Barnes & Noble, Old Navy, Fred Meyer, Ulta Beauty, AT&T, Verizon, 6 banks, McDonalds, and the Bentley Mall. This area is home to several nationally ranked top 5 stores for their brand. As this is a corner location, there is great visibility and traffic on three sides. Signage pole is in place with plentiful parking.
The facility includes kitchen and bar equipment, large walk-in refrigerator, freezer and keg room in operation at the restaurant' s closing in 2012, and are available for new tenant. Large mechanical air handler and 4 kitchen exhaust hoods in place. Front of house has 249 seat capacity in bar and dining room with much of the furnishings remaining.
A full liquor license is available separately.
This property is also for lease for $36 per sq ft per year NNN and 6% of the gross if above the base rent. It is as is with some existing FF&E.

The very best location in all of Fairbanks. On the corner of Johansen Expy & Hunter St, the entrance of the only box store development in Fairbanks.
The corner of Johansen and Steese has a traffic count of 22,600 vehicles per day.

Alaska Commercial Properties, Inc.
Pamela D Throop
(907) 456-6008

  
Jack White Commercial
Carl D Kuhn
(907) 762-5887


Alaska Commercial Properties, Inc.
Pamela D Throop
(907) 456-6008



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