Owners completed a comprehensive interior gut renovation and full rehabilitation of the property. Total building improvements exceeded $1 million, including the replacement of all rooftop HVAC units. In addition, over $550,000 was invested in machinery, furniture, fixtures, and equipment (FF&E), featuring a complete upgrade to brand-new, state-of-the-art kitchen equipment. Major improvements included new restaurant ranges, Combi ovens, tilting skillet, blast chillers, refrigerated merchandisers, walk-in coolers, espresso/cappuccino machine, and stainless-steel work surfaces. The investment also covered all new smallware’s, as well as new tables and chairs for restaurant seating.
- Second generation fully built out turnkey restaurant space with a commercial kitchen, coffee bar/bar, grease trap, hood system, walk in coolers and an exterior loading dock with direct kitchen access for seamless deliveries.
- All restaurant infrastructure, furniture, fixtures, and equipment are included in the price.
- Former successful IHOP location and most recently YouTopia who invested over $1,000,000 since 2021 in significant capital improvements to the property, including new HVAC units, multiple new coolers, renovated interior and utility upgrades.
- Ideally located with easy access from C 470 and West Ken Caryl Avenue and surrounded by dense single family and multifamily communities, new residential proposed and high median household income estimated at $116,000.
- Located within an established, diverse commercial development with tenants that drive area traffic, including Safeway, Ent Credit Union, Holiday Inn Express, Homegrown Tap & Dough, Hampton Inn and Suites, The Nest Schools, U.S. Bank and Chipotle.
- Highly visible property with an average daily traffic count of approximately 24,026 vehicles on Ken Caryl and 61,468 on C-470 (www.drcog.org).
- Lack of restaurants on the west side