Roaonoke, Virginia, a city nestled in the Blue Ridge Mountains, offers a unique blend of natural beauty, rich history, and economic vitality, making it an ideal location for restaurants. With a population of around 100,000, Roanoke provides a sizable customer base for restaurants, and its proximity to major transportation hubs, including Interstate 581, U.S. Route 220, and the Roanoke-Blacksburg Regional Airport, ensures easy access to the city. The city's strong economy, driven by major industries such as healthcare, utilities, and arts and culture, also contributes to a thriving restaurant scene. Additionally, Roanoke's many amenities, including the iconic Roanoke Star, Carilion Clinic, and Lewis-Gale Medical Center, make it an attractive location for restaurants looking to capitalize on the city's vibrant atmosphere.
With 3 restaurants for lease in Roanoke, entrepreneurs and investors have a wide range of options to choose from. These restaurants offer a variety of spaces, from 1,400 square feet to 9,750 square feet, and average annual rents ranging from $10 USD to $10 USD. In addition to restaurants, Roanoke also offers a range of other commercial properties, including retail space, commercial real estate, and flex space, each with its own unique characteristics and advantages. For example, retail space in Roanoke's bustling downtown area offers prime visibility and foot traffic, while commercial real estate in the city's outskirts provides easy access to major transportation routes. Flex space, meanwhile, offers a versatile and adaptable option for businesses looking to combine office and warehouse space. With its diverse range of properties and strong economy, Roanoke is an ideal location for businesses of all types.
How are restaurant leases typically structured?
Restaurant leases in Roanoke are typically structured to accommodate the unique needs of food service businesses, with average annual rent per square foot ranging from $10 USD and average space sizes of 6,039 square feet, with maximum space sizes available up to 9,750 square feet.
Lease terms often include a combination of base rent, percentage rent, and additional fees for services such as utilities, maintenance, and property taxes, with lease durations typically ranging from 5 to 10 years to provide stability and flexibility for restaurant owners.
What kitchen equipment is usually included in restaurant leases?
When it comes to restaurant leases in Roanoke, you can typically expect to find a range of kitchen equipment included, such as commercial-grade refrigerators, freezers, ovens, stoves, dishwashers, and sinks. The specific equipment included may vary depending on the lease and the restaurant's needs, but these basics are usually provided to get your kitchen up and running.
