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506 Merhar Avenue, Fairbanks, AK

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506 Merhar Avenue

Fairbanks, AK 99701-3166

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:2005
Building Size:7,800 SF Land Area:1.9 AC (82,764 SF)
For Sale Price:$2,950,000 Price/SF:$378.21
Cap Rate:-

Sale Notes:
7,800 sf free standing restaurant facility on 82,000 sf parcel. 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, keg room 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 $30 per sq ft per year NNN. 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.
Shawn Evans
(907) 456-6008

Pamela D Throop
(907) 456-6008

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

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