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Connor's Grillroom 2161 Memorial Highway, Dallas, Pennsylvania, 18612

 
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Verified : 2/2/2016 Sold

Connor's Grillroom 2161 Memorial Highway, Dallas, Pennsylvania, 18612

Undisclosed   / ForSale

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Property Highlights

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Sale Price:
Undisclosed
Price/SF:
Unlisted
CAP Rate (%):
Unlisted
NOI:
Unlisted
Net Lease:
Unlisted
Gross Leasable Area (SF):
Unlisted
Total Lot Size (SF):
48,482
Occupancy (%):
Unlisted
Population Range:
Unlisted
Household Income:
Unlisted
Traffic Counts:
Unlisted
County:
Luzerne
Zoning:
B-2
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
11,754
Net Rental Area:
Unlisted
Number Of Floors:
Unlisted
Number Of Units:
2
Year Of Build:
Unlisted
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
Unlisted
Parcel Number:
E8S400204A-10, E8S4002005-10, E8S4002013 & 2014-10
Tenancy Type:
Unlisted
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted
Parking Ratio:
Unlisted
Parking Cost:
Unlisted
Mass Transit:
Unlisted
CAM:
Unlisted
Utilities:
Unlisted
Price Per Acre:
Unlisted
Divisible:
Unlisted
Divisible Min:
Unlisted
Divisible Max:
Unlisted
Property Taxes:
Unlisted

Property Description

Two-unit investment opportunity available for sale to qualified buyers, Connor’s Grillroom “3,692 SF” and the Fine Wine and Good Spirits store “8,062 SF”. Mericle Commercial Real Estate Group is pleased to offer for sale this well established and proven Back Mountain site. This opportunity includes an existing state-guaranteed lease with 4 years of term remaining as well as the ability to take over a fully operational and successful restaurant. Sale includes PA Luzerne County Liquor License and all furniture, fixtures and equipment in Connor’s Grillroom. Fine Wine and Good Spirits leases 8,062 SF (69%) and has successfully operated at this location for over a decade. Connor’s Grillroom occupies the remaining 3,692 SF and as well as the 939 SF basement with its coolers, storage area and chef’s office. Connor’s Grillroom is a well known and established restaurant with consistent sales volumes.  The new owner may continue to operate the business under that name or choose to rebrand and operate their own unique concept.  The sale includes a Luzerne County Liquor License and all furniture, fixtures and equipment. The site is well positioned within the Back Mountain market with quality access and strong visibility directly across from a freestanding Wachovia bank branch, Jack Williams Tire and Auto and A&A Auto.  Surrounding uses include retail and office along SR 309 and residential on the periphery roads. For those unfamiliar with the Back Mountain, it is the wealthy suburban market to the west of Wilkes-Barre with Average Household Incomes of $87,89/Year within a five mile radius (Source ESRI BAO).