Tuscaloosa Alabama Restaurant & Bar – Lease w/No Key Money Required – Steps from U of Alabama – 4,000/sf Penthouse Loft Apt

by Steven Josovitz

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#1050

This Restaurant and Bar in a wonderful SEC Football town located in the heart of Downtown Tuscaloosa just steps away from the University of Alabama. Great location for casual dining and live music.

Space is 14,000 /sf which consists of 3 floors which includes an unfinished basement set to be renovated for expansion along with a upper level penthouse 4,000/sf fully furnished 5 bedroom/2.5 bath apartment which is rent out during big games for additional revenue. Tons of TV’s.  This custom designed venue has unique touches of reclaimed wood and mason jar lighting to give a unique charm to this establishment.  Seating for almost a 100 with 30 seat bar.

Long term lease $7,500 per month triple net with first right of refusal to purchase building and option to buy real estate contained in lease.  Opened September 2011 and did $61,000 in October 2011 with no effort by absentee owner who lives in another state. This is a incredible location within walking distance of University of Alabama, stadium, with brand new 4-Star Hotel and Amphitheater being built directly across the street. Finishing basement will dramatically increase sales.

Lease w/No Key Money Required!

Distance is hours from Owners other unit and just too far to effectively grow and maintain. Licensing agreement will be worked out to keep name or convert!

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