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- LoopNet Team
168 E Main St
Newark, DE 19711
2SP Pizza Restaurant For Sale · Property For Lease
HIGHLIGHTS
- New furniture, fixtures and kitchen equipment
- Monthly rent is $9,892 with 2% increases
- The lease is good until 2031
- Seller will train new owner for 2 weeks with sales
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 4,000 SF |
| Property Subtype | Restaurant | Year Built | 2000 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,000 SF |
| Year Built | 2000 |
ABOUT THE PROPERTY
REDUCED! New Business Sale Price: $100,000 Building is For Lease! Seller has just reduced the price substantially to move forward with other investments. The furniture and fixtures in the restaurant is valued over $300,000. The 3,648 +/- SF interior and exterior spaces were completely renovated in 2022 with all new furniture, fixtures and state-of-the-art kitchen equipment. The additional patio affords more seating and creates a lively atmosphere for students, professors and families alike! There are 18,665 undergrads and 7,557 graduate students currently at the University! The families of the students come into town a few times a year and stay in the local hotels, adding more foot traffic and a need for a dining experience - talk about a built-in clientele! There is a restaurant liquor license with an outdoor patio licensed to sell alcohol outdoors. This license is transferrable to a "qualified buyer". Also, there is the approval by the city for an additional side outside patio.
- Air Conditioning
