Killeen, Texas, is a city that offers a unique opportunity for investors to tap into the growing demand for restaurants. With a population of approximately 130,000, Killeen has experienced significant growth in recent years, driven in part by its proximity to Fort Hood, a major military post. This military presence has transformed Killeen into a hub of economic activity, with a diverse range of businesses and amenities. Restaurants, in particular, have become an essential part of the city's fabric, catering to the needs of soldiers, civilians, and visitors alike. From casual eateries to fine dining establishments, restaurants in Killeen offer a wide range of cuisines and dining experiences. The city's infrastructure, including Skylark Field and Killeen–Fort Hood Regional Airport, Hill Country Transit District (The HOP), and major highways, makes it an attractive location for businesses and residents alike. Additionally, Killeen is home to several educational institutions, including Central Texas College and Texas A&M University-Central Texas, which provide a steady stream of customers for local restaurants.
With 6 restaurants for sale in Killeen, investors have a wide range of options to choose from. From family-owned eateries to chain restaurants, each establishment offers a unique opportunity to tap into the local market. In addition to restaurants, Killeen also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Killeen offer a steady stream of rental income, while shopping centers provide a hub of commercial activity. Specialty properties, such as office buildings and warehouses, cater to the needs of local businesses, while hotels provide accommodation for visitors and travelers. Whatever the investment opportunity, Killeen's growing economy and diverse range of businesses make it an attractive location for investors. With its rich history, diverse culture, and strong economy, Killeen is a city that is poised for continued growth and development, making it an ideal location for investors to tap into the local market.
What is the average cost per square foot for a restaurant in Killeen?
The average cost per square foot for a restaurant in Killeen is $350 USD per square foot, with available listings totaling 6 and average restaurant sizes ranging from 4,990 square feet to 10,400 square feet.
What factors determine the value of a restaurant for sale in Killeen?
When evaluating the value of a restaurant for sale in Killeen, several key factors come into play, including:
- Location, with proximity to Fort Hood and major highways like Interstate 14/U.S. Highway 190, Business Loop 190, State Highway 195, and Spur 172 being highly desirable;
- The restaurant's size, with an average size of 4,990 square feet and a maximum size of 10,400 square feet, as well as its layout and condition;
- Financial performance, including the average price per square foot of $350 USD and an average cap rate of 5.57%, which can impact the overall value of the restaurant.
