350 Deacon Dr W - The Cove at BearX - Bar FOR SALE
College Station, TX 77845 |
350 Deacon Dr W - The Cove at BearX
College Station, TX 77845
HIGHLIGHTS
- UNPRECEDENTED RECURRING MEMBERSHIP Ownership has secured creative and strong membership revenue streams of $705,000+.
- EXPANDING MEMBERSHIP FURTHER A future owner could potentially target this offering to the roughly 8,745 student housing beds within a 1.5 mile radius.
- POSITIVE FINANCIAL TRENDS The Cove has been in a substantial growth mode for several years based on growing revenues, profitability, and performance.
- STRONG GROWTH IN SALES PER GUEST Sales per guest visit have grown in every year of The Cove’s operation, rising more than 121% since 2019.
- STRONG ALCOHOL SALES Top-grossing venue in the market by alcohol sales during its peak summer season, captured 7% of all alcohol sales in July 2022.
- EXCEPTIONAL VALUE ADD OPPORTUNITY Nearly half of the indoor space is in shell condition and primed for new restaurants/bars, event space, and retail.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
The Cove at BearX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bar
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
34792
STORIES
3
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
335
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
365991
