Our Background | Current Listings | Wanted Properties
Newsletter | Testimonials | F.A.Q. | Contact Us
©2009 The Shumacher Group
 |
|
#794 BUCKHEAD (ATLANTA) RESTAURANT & BAR Located in the heart of Buckhead and "Restaurant Row" is the former HARRY BISSETT'S that recently closed at the ALEXAN a luxury retail and residential complex at 360 Pharr Road between Pricci's and Atlanta Fish Market and walking distance to NAVA, Capital Grill, ESPN, Cheesecake Factory, Governors Mansion the new Carter redevelopment of Buckhead Village that is under construction plus several luxury hotels and Hi Rise Condo and office towers will transform this area to look and feel very similar to Georgetown in DC and Rodeo Drive in LA. It should be mentioned that Buckhead has one of the highest income demograhics and hi density retail, residential and office marketplaces in the Southeast. There are no restrictions so any upscale and or casual hi volume restaurant and bar concept with only minor cosmetic changes needed if any depending on concept. The space is 6,816/sf with two private dining rooms that seat 25 each or combine to seat 50, offices, a 40 seat bar and lounge, huge kitchen and storage rooms plus unlimited enclosed parking and an outdoor dining space. Seating for 250 with outdoor seating for 100. The walls are adorned with antique bricks from the an old mill in the Carolina's dating back to the 1890's. The color of the brick is the original color making for a really spectacular look. Rental Rates are currently at $17,806.80 per month with extras at $3,700.00 per month. Landlord is open and willing to discuss more favorable lease terms. Lease expires 2017 with two five year options to renew. Recent "Absentee Owner Operator" has invested almost a $1,000,000.00 in brand new improvements, furniture, fixtures, equipment, HVAC, grease traps with everything being 100% up to code. The previous concept that closed March 30, 2009 was doomed by horrible reviews an inexperienced Owner who was not hands on being very successful in the financial investment field and unable to spend the time necessary to grow a new business. Harry Bissett's was only for seven months. Sub-Landlord/Tenant has allowed current Operator to walk with no financial obligations to the space in lieu of million dollar buildout and equipment staying intact. The new Tenant with have full use of all assets with no key money required. Very favorable lease terms can be worked out in addition to a very generous free rent package. |
