Concord, California, a city with a rich history and strong economy, offers a unique opportunity for investors to capitalize on the growing demand for restaurants. With a population of around 130,000, Concord provides a diverse customer base for restaurants, from families to young professionals. Restaurants in Concord can represent a variety of investments, from casual eateries to fine dining establishments, each catering to different demographics and preferences. The city's strong retail sector, anchored by Sunvalley Shopping Center, and its growing job market, driven by companies like BevMo!, create an ideal environment for restaurants to flourish. Additionally, Concord's proximity to major transportation hubs, including the Concord Naval Weapons Station and Buchanan Field Airport, makes it an attractive location for restaurants that cater to travelers and commuters. The city's diverse landscape, which includes agricultural areas, urban developments, and proximity to public transportation, provides a unique setting for restaurants to establish themselves.
With 2 restaurants for sale in Concord, investors have a wide range of options to choose from. Concord's restaurant scene is complemented by its other commercial properties, including apartment buildings, shopping centers, and specialty properties, which provide a diverse range of investment opportunities. For instance, apartment buildings in Concord offer a steady stream of revenue, while shopping centers provide a hub for retail activity. Specialty properties, such as hotels, cater to the city's growing tourism industry. With its strong economy, diverse customer base, and range of investment opportunities, Concord is an attractive location for investors looking to capitalize on the restaurant industry.
What is the average cost per square foot for a restaurant in Concord?
The average cost per square foot for a restaurant in Concord is $442 USD per square foot, with an average size of 6,492 square feet and a largest size of 7,183 square feet, making it an attractive option for restaurateurs looking to establish a presence in this suburban center with a growing job market and strong retail sector.
What factors determine the value of a restaurant for sale in Concord?
The value of a restaurant for sale in Concord is determined by a combination of factors, including:
- the average price per square foot, which is currently $442 USD per 6,492 square feet;
- the average cap rate, which is currently 4.89%, indicating the potential return on investment;
- the size of the restaurant, with available listings ranging from 6,492 to 7,183 square feet, and the number of available listings, with 2 options to choose from.
