Downtown Ann Arbor Restaurant Assets for Sale

Business Opportunity for Sale
Catylist Listing ID: 30327961
Property Subtypes: Food and Beverage
Building Size (RSF): 2,000 SF
Sale Price: $250,000
Name of Establishment: Marnee Thai Restaurant
Business Website Address: https://marneethai-restaurant.com/
Year Business Established: 2005
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 10/18/2018

Overview / Comments

Located on Main Street in vibrant Class A building in downtown Ann Arbor. Mixed use building with corporate tenants including DTE, eight luxury penthouses, and fifty high end condos. Building is also located next to multiple other multi-family new and existing housing projects.

Great opportunity to save time, money and headache building out hoods, walk in cooler, sinks, tons of plumbing and restrooms. Unit is a 2,000 SF end unit with lots of windows and high visibility. Restaurant’s capacity is seventy four (74) occupants per Ann Arbor Fire Department. Includes transferable on premises "Tavern" license. Unit next door is vacant for possible expansion into additional 1,200 SF.

Full lease information is available to qualified prospects.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Leased through 12/31/2020. Monthly rent is currently $5,035.50 plus monthly NNN of $1,166.38 (common maintenance, water, electricity). Only metered utility is gas.
Growth/Expansion Opportunities: Potential to expand with 1,200 SF available next door.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 35,305 115,564 163,118
Median Age: 26.18 33.46 34.29
Households: 12,453 47,405 67,516

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