Overland Park, Kansas, offers a unique opportunity for investors to capitalize on the city's growing demand for restaurants. With a population of around 190,000, Overland Park is an attractive location for restaurants, offering a diverse customer base and a strong economy driven by the service sector. Restaurants in Overland Park can represent a range of investments, from casual eateries to fine dining establishments, catering to the city's growing population of professionals and families. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For instance, the city is home to several major companies, including Black & Veatch, Ash Grove Cement Company, and Compass Minerals, providing a steady stream of customers. Additionally, the city's education institutions, such as Cleveland University-Kansas City and Johnson County Community College, attract students and faculty who frequent local restaurants. The city's location at the junction of Interstate 435 and U.S. Route 69 also makes it easily accessible to customers from surrounding areas. With attractions like the Overland Park Arboretum and Botanical Gardens and the Scheels Overland Park Soccer Complex, the city offers a unique blend of natural beauty and recreational activities, making it an attractive destination for both locals and visitors.
With 9 restaurants for sale in Overland Park, investors have a range of options to choose from. The average price per square foot for restaurants in Overland Park is $461 USD, with an average size of 6,797 square feet. The largest restaurant available for sale is 12,536 square feet. In addition to restaurants, Overland Park also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Overland Park offer a range of investment options, from luxury apartments to affordable housing. Shopping centers in the city provide a mix of retail and dining options, while specialty properties, such as office buildings and medical facilities, cater to the city's growing professional population. Hotels in Overland Park, such as the Overland Park Marriott, offer a range of accommodations for visitors and business travelers. Overall, Overland Park offers a diverse range of investment opportunities, making it an attractive location for investors looking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in Overland Park?
The average cost per square foot for a restaurant in Overland Park is $461 USD per square feet, with an average size of 6,797 square feet and a largest size of 12,536 square feet, making it an attractive option for restaurateurs looking to establish a presence in this growing city.
What factors determine the value of a restaurant for sale in Overland Park?
When evaluating the value of a restaurant for sale in Overland Park, several key factors come into play, including:
- Location, with proximity to major highways like Interstate 435 and U.S. Route 69, as well as accessibility to the city's 75.37 square miles of greenfield suburban development, influencing foot traffic and customer base;
- Size and layout, with the average restaurant size in Overland Park being 6,797 square feet, and the largest available space being 12,536 square feet, affecting seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including the average cap rate of 5.35% and the average price per square foot of $461 USD, which impact the restaurant's profitability, cash flow, and resale value.
