Thornton, Colorado, is a prime location for investing in restaurants, with its growing population of around 140,000 residents and a strong economy driven by retail, education, and recreation. Restaurants in Thornton offer a unique opportunity for entrepreneurs to capitalize on the city's amenities, infrastructure, and location. As a hub for shopping and dining, Thornton attracts visitors from surrounding areas, making it an ideal spot for restaurants to thrive. The city's proximity to major highways, public transportation, and Denver International Airport also ensures easy accessibility for customers. Additionally, Thornton's educational institutions, such as Stargate School and Colorado Virtual Academy, and major employers like Amazon and North Suburban Medical Center, contribute to a diverse and stable customer base. The city's recreational facilities, including the Margaret Carpenter Recreation Center and Thorncreek Golf Course, further enhance its appeal as a desirable location for restaurants.
Thornton's restaurant scene is just one aspect of the city's diverse commercial landscape, which also includes apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of housing options for residents, while shopping centers like Larkridge Mall and Thornton Town Center provide a variety of retail options. Specialty properties, such as the Thorncreek Crossing Shopping Center, cater to specific needs, and hotels like the Hampton Inn and Holiday Inn Express accommodate visitors. With 2 restaurants for sale in Thornton, investors have a wide range of options to choose from, each with its unique characteristics and potential for growth. The average price per square foot for restaurants in Thornton is $470 USD, with an average size of 4,580 square feet and a largest size of 6,200 square feet. The average cap rate for restaurants in Thornton is 7.1%. Overall, Thornton's restaurants offer a compelling investment opportunity, with its strong economy, diverse customer base, and range of amenities and attractions.
What is the average cost per square foot for a restaurant in Thornton?
The average cost per square foot for a restaurant in Thornton is $470 USD per square foot, with an average size of 4,580 square feet and a largest size of 6,200 square feet, making it an attractive option for restaurateurs looking to establish a presence in this city of around 130,000 people, with its strong retail sector and numerous amenities, including the Margaret Carpenter Recreation Center, Thornton Community Center, and Thorncreek Golf Course.
What factors determine the value of a restaurant for sale in Thornton?
The value of a restaurant for sale in Thornton is determined by a combination of factors, including:
- the average price per square foot, currently at $470 USD, which is influenced by the restaurant's location, size, and condition;
- the average size of restaurants in Thornton, which is approximately 4,580 square feet, and the largest size available, which is 6,200 square feet;
- the average cap rate, currently at 7.1%, which is affected by the restaurant's income, expenses, and potential for growth, as well as the overall demand for restaurants in the area.
