Montgomery, AL Restaurant for Lease @ The Shoppes at Eastchase -Nationally Anchored Center

Montgomery, AL Restaurant for sale:

Montgomery, AL Restaurant for Lease @ The Shoppes at Eastchase -Nationally Anchored Center


#3084

(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact Staff, Management, Landlord, and or Ownership. Documentation and Inspections will be provided upon request)

Montgomery, Alabama Restaurant for Lease.

Located at The Shoppes at Eastchase at 7030 Eastchase Pkwy, Montgomery, AL 36117.

Current Tenant is Salad Express.

1750/sf.

Seats 45.

Monthly rent is $6500 all in.

Almost 5-years remain on lease with 5-years option to renew.

Established July 2019.

Fully hooded kitchen with walk-in refrigerator and freezer.

2500/gal grease trap.

Fully up to code.

Nationally Anchored High Traffic Center

Fully Equipped turnkey restaurant for almost restaurant approved by Landlord.

$85,000 key money for all furniture, fixtures, equipment, and right to obtain lease rights pending Landlord approval. The sale does not include name, recipes, or due diligence on books and records.

The Shoppes at EastChase is the principal retail component of the EastChase mixed-use development located in Montgomery, Alabama at the intersection of Interstate 85 and Taylor Road on the east side of the city. The Shoppes at EastChase was the catalyst in attracting higher-end national and regional retailers to the Montgomery metropolitan area and the Central Alabama region.

The lifestyle center itself opened November 2002, with numerous in-line tenants, including Talbot’s, Ann Taylor, The Gap and Banana Republic, while the anchor retailer, Dillard’s, opened a two-level 157,339-square-foot (14,617.3 m2) store March 2004. This store replaced one at Montgomery Mall.

Book and media retailer Books-A-Million functions as junior anchor at 14,400 square feet (1,340 m2), while defunct home furnishings retailer Linens ‘n Things previously occupied a 27,984-square-foot (2,599.8 m2) junior anchor pad in a different section of the lifestyle center now occupied by DSW Shoes. An outparcel was developed for home furnishings retailer Rooms To Go, which opened a 7,000-square-foot (650 m2) store south of the main entrance drive. There are several casual dining facilities in the Shoppes at EastChase, including Bonefish Grill and Zoës Kitchen. The Shoppes at EastChase has a gross leasable area of 350,000 square feet (33,000 m2) and currently features fifty merchants.

In August 2016, it was announced that fast fashion retailer H&M will develop a 22,000 square foot junior anchor space in the lifestyle center component of EastChase. By June 2017, original tenants Banana Republic, Ann Taylor and Williams-Sonoma closed their EastChase locations in order to create retail space for the retailer.

Expected to open during fall[which?], Eastchase is extending a new area to include a relocated Best Buy, Burlington, Panda Express, Bad Daddy’s Burger Bar, Jersey Mike’s Subs and Great Clips.

Two additional open-air power and convenience centers complement the retail component of the EastChase development: The 325,907-square-foot (30,277.8 m2) Plaza At EastChase and the larger 513,688-square-foot (47,723.2 m2) EastChase Market Center. The Plaza At EastChase is tenanted with (then) new to the market big box stores such as Target, World Market, Kohl’s and PetSmart. EastChase Market Center features numerous big box retailers and eateries that have relocated from declining strip mall locations along nearby East Boulevard, among them Bed Bath & Beyond and Michaels arts and crafts supply store. Wholesale warehouse club Costco operates a location adjacent to EastChase Market Center.



Location

Country:

USA

State or Province:

AL

City:

Montgomery

Location Zip or Postal Code:

36117

Listing Information

Title of Listing:

Montgomery, AL Restaurant for Lease @ The Shoppes at Eastchase -Nationally Anchored Center

Number of Locations:

1

Number of Seats:

Less than 50

Size:

1750, Square Feet

Number of Employees:

Less than 10

Financial Details

Asking Price:

$85,000 for lease

Gross Revenue Range:

Under $500,000

EBITDA Range:

Under $100,000

SDE Range:

$100,000

Contact Listing Owner