Mansfield, Texas, offers a unique opportunity for investors to capitalize on the city's growing demand for restaurants. With a population of approximately 70,000 residents, Mansfield provides a diverse customer base for restaurateurs. Restaurants in Mansfield can cater to a wide range of tastes and preferences, from casual dining to fine cuisine. The city's location, approximately 30 miles from Dallas and 20 miles from Fort Worth, makes it an attractive destination for commuters and travelers alike. Mansfield's amenities, such as the Methodist Mansfield Medical Center and Texas Health Hospital Mansfield, also contribute to the city's appeal. Additionally, the city's geography, with its rolling Cross Timbers country and oak groves bordering Walnut Creek, provides a scenic backdrop for dining establishments. The Mansfield Music & Arts Festival and the Mansfield Art Association's annual art show also showcase the city's cultural side, making it an excellent location for restaurants that cater to art enthusiasts and music lovers.
Mansfield's restaurant scene is complemented by the city's other property types, including apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Mansfield offer a range of options for residents, from luxury complexes to affordable housing. Shopping centers, such as the ones along Texas State Highway 360, provide a convenient shopping experience for residents and visitors. Specialty properties, like the Mansfield Center for the Performing Arts, add to the city's cultural attractions. Hotels, such as those near the highway intersections, cater to travelers and business professionals. With 1 restaurants for sale in Mansfield, investors can find a property that suits their needs and budget. The average price per square foot for restaurants in Mansfield is $1,355 USD, with an average size of 2,620 square feet. The largest restaurant property available is 3,000 square feet, offering ample space for a variety of dining concepts. The average cap rate for restaurants in Mansfield is 6%, making it an attractive investment opportunity. Overall, Mansfield's diverse property types and growing demand for restaurants make it an excellent location for investors and business owners.
What is the average cost per square foot for a restaurant in Mansfield?
For those interested in purchasing a restaurant in Mansfield, the average cost per square foot is $1,355 USD.
What factors determine the value of a restaurant for sale in Mansfield?
When evaluating the value of a restaurant for sale in Mansfield, several key factors come into play, including:
- Location, with proximity to major highways like Texas State Highway 360 and U.S. Route 287, as well as accessibility to local amenities like hospitals, schools, and shopping centers, playing a significant role in determining value.
- The restaurant's size, with an average size of 2,620 square feet and a largest size of 3,000 square feet, influencing its value, as well as the average price per square foot of $1,355 USD.
- The restaurant's financial performance, including its average cap rate of 6%, which can impact its value and attractiveness to potential buyers.
