Buckhead Atlanta Restaurant & Bar for Sale.
Established Over 40-Years and Famous.
Killer location in the heart of Buckhead.
Keep or Convert to Any Concept.
Seller not providing any sales or profit numbers other than expenses.
Seating for 160 with a full bar.
Landlord giving a new Tenant new lease at $9,000 per month all in.
Term of new lease will be five-years with a three-year option to renew.
$225,000 with some Owner financing.
Info about Buckhead:
Buckhead is an uptown commercial and residential district of Atlanta, Georgia, comprising approximately the northernmost fifth of the city. It is considered a separate business district from Downtown Atlanta and Midtown Atlanta, generating its own mixture of banks, hotels, and contains many of Atlanta’s prominent high-rise condo towers.
Buckhead is an example of an edge city, anchored by a core of highrise office buildings, hotels, and condominiums centered around the intersection of Peachtree Road and Piedmont Road near Georgia State Route 400, Buckhead station, and Lenox Square. Buckhead is the third largest commercial center in Atlanta, behind Downtown and Midtown. Buckhead is a major commercial and financial center of the Southeast.
The residential areas of Buckhead consist mostly of large single-family homes that are situated among dense forests and rolling hills. It is among the most desirable and wealthiest places to live in Metro Atlanta.
Since at least the 1950s, Buckhead has been known as a district of extreme wealth, with the western and northern neighborhoods being virtually unrivaled in the Southeast. In 2011, The Gadberry Group compiled the list of the 50 wealthiest zip codes in the United States, ranking Buckhead’s western zip code (30327) as the second wealthiest zip code in the South (behind Palm Beach‘s 33480) and the second wealthiest zip code east of California and south of Virginia. The same group reported the average household income at $280,631, with an average household net worth of $1,353,189. These 2011 figures are up from a similar 2005 study that pegged Buckhead as the wealthiest community in the South and the only settlement south of the Washington D.C. suburb of Great Falls, and east of the Phoenixsuburb of Paradise Valley to be among the 50 wealthiest communities in the country. However, according to Forbes magazine, (30327) is the ninth-wealthiest zip code in the nation, with a household income in excess of $341,000. The Robb Report magazine has consistently ranked Buckhead one of the nation’s “10 Top Affluent Communities” due to “the most beautiful mansions, best shopping, and finest restaurants in the Southeastern United States“. Due to its wealth, Buckhead is sometimes promoted as the “Beverly Hills of the East” or “Beverly Hills of the South” in reference to Beverly Hills, California, an area to which it is often compared.
At the heart of Buckhead around the intersections of Lenox, Peachtree and Piedmont Roads, is a shopping district with more than 1,500 retail units where shoppers spend more than $3 billion a year. In addition, Buckhead contains the highest concentration of upscale boutiques in the United States. The majority are located at Lenox Square and Phipps Plaza, sister regional malls located diagonally across from each other at the intersection of Peachtree and Lenox Roads. The malls are home to designer boutiques, mainstream national retailers, as well as six major department stores. This commercial core also has a concentration of “big-box” retailers. The “Buckhead Atlanta” mixed-use development brought even more exclusive boutiques, restaurants, hotels, condos and office space to the heart of Buckhead in 2014. The name of the project was rebranded as ‘Buckhead Atlanta’.
The Alhambra, historic apartments in the Garden Hills neighborhood
Buckhead is also a center for healthcare, and is home both to Piedmont Hospital and the private, catastrophic care hospital Shepherd Center which specializes in spinal cord injury and acquired brain injury. The two hospitals are located adjacent to one another along Peachtree Road. (This location is known as “Cardiac Hill” by runners of the annual Peachtree Road Race.)
Buckhead is also the location of a large share of Atlanta’s diplomatic missions. Consulates in Buckhead include the Consulate-General of Australia and the Australian Trade Commission, the Consulate-General of France and the French Trade Commission, the Consulate-General of Brazil, the Consulate-General of Japan, and the Consulate of Greece.
Stylish Buckhead is known for its upscale malls and the independent art galleries that cluster around Miami Circle and Bennett Street. Chicly dressed locals frequent the trendy restaurants along Peachtree Road and Roswell Road, while twenty-somethings hang out at lively bars and clubs. Regional history is on display at the Greek Revival-style Governor’s Mansion and at the Atlanta History Center.
Buckhead was originally the central area now called “Buckhead Village”. The current usage of the term Buckhead roughly covers the interior of the “V” formed by Interstate 85 on the east and Interstate 75 on the west. Buckhead is bordered by Cumberland and Vinings in Cobb County to the northwest, the city of Sandy Springs to the north, Brookhaven and North Druid Hills in DeKalb County to the east, Midtown Atlanta to the south, and West Midtown to the west.
While much of west and north Buckhead is preserved as single-family homes in forested settings, the Peachtree Road corridor has become a major focus of high-rise construction. The first 400-foot (121 m) office tower, Tower Place, opened in 1974. Park Place, built in 1986, was the first 400+ foot (121+ m) condominium building. 1986 also saw the completion of the 425-foot (129 m), 34-story Atlanta Plaza, then Buckhead’s tallest and largest building. In 2000, Park Avenue Condominiums pushed the record to 486 feet (148 m). Since that time, a wave of development has followed. The 660-foot (201 m) Sovereign and 580-foot (177 m) Mandarin Oriental, now renamed the Waldorf-Astoria, were completed in 2008. Many luxury high-rise apartment buildings have been built recently, including the 26-story Post Alexander High Rise in 2014 and the 26-story Skyhouse Buckhead in 2014. Today, Buckhead has over 50 high-rise buildings, almost one-third of the city’s total.
The main north-south street of Buckhead is Peachtree Road, which extends south into the heart of the city as Peachtree Street, Atlanta’s main street. This name change is significant in that it defines a border between Buckhead and Midtown. The main east-west street is Paces Ferry Road, named for a former ferry that used to cross the Chattahoochee River. Hardy Pace, one of Atlanta’s founders, operated the ferry and owned much of what is now Buckhead. In addition to Peachtree and West Paces Ferry Roads, other arterial roads include Piedmont Road (Georgia 237), Roswell Road (Georgia State Route 9), and Northside Parkway.
In the early 1990s, after a bitter fight against GDOT by residents, Buckhead was split in two by Georgia 400, a tolled extension of a freeway connecting I-285 to I-85. However, MARTA‘s Red Line extension was put in the highway’s median, providing additional mass transit to Buckhead and Sandy Springs.
MARTA operates three stations in Buckhead, the southernmost being Lindbergh Center. Just north of there, the Red and Gold lines split, with the Gold Line‘s Lenox station at the southwest corner of the Lenox Square parking lot, and the Red Line‘s Buckhead station on the west side of the malls where Peachtree crosses 400. A free circulator bus called “the buc” (Buckhead Uptown Connection) stops at all three stations. The proposed extension of the Atlanta Streetcar to Buckhead (nicknamed the “Peachtree Streetcar” because it would run along Peachtree Street in Downtown Atlanta and Peachtree Road in Buckhead) would provide street-level service with frequent stops all the way to downtown Atlanta, complementing the existing subway-type MARTA train service for the area.
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