Location: Phoenix, AZ
Industry: Bar
Listing ID: 3002
Listing Description
This bar/nightclub is well-located in the heart of the Melrose District. It is just south of Camelback Rd and minutes from the I-17, SR-51, and I-10. The property has great exposure with direct frontage on 7th Avenue and boasting traffic counts of in excess of 30,000 VPD.
This is an asset sale. The sale includes the #6 bar liquor license (currently worth $250,000 alone), trade name, website, and FF&E. No financial information will be provided.
The premises consists of ±2,245 sq. ft. Buyer shall sign a new 5-year lease at $30/sq. ft. NNN with 4% annual increases. The real estate may also be available to purchase for an additional price.
Business name and location is being provided with Seller’s permission.
