Restaurants for sale in Tracy, California, offer a unique opportunity for investors to tap into the city's growing economy. With a population of around 90,000, Tracy is an attractive location for businesses that cater to the local community and commuters traveling through the city. Restaurants in Tracy can take many forms, from casual eateries to fine dining establishments, and can serve a variety of cuisines to suit different tastes and preferences. The city's strategic location near major highways and rail lines makes it an ideal spot for restaurants that cater to travelers and locals alike. Additionally, Tracy's strong agricultural sector and growing logistics industry provide a solid foundation for restaurants that focus on using locally sourced ingredients. With amenities like the Tracy Transit Center and the Altamont Corridor Express (ACE) service, restaurants in Tracy can attract a diverse customer base.
Tracy's restaurant scene is part of a larger commercial landscape that includes 3 available listings. The city's average price per square foot for restaurants is $497 USD, with an average size of 7,120 square feet. The largest restaurant available in Tracy spans 10,875 square feet. With an average cap rate of 5.2%, restaurants in Tracy offer a promising investment opportunity. In addition to restaurants, Tracy is also home to 3 apartment buildings, 3 shopping centers, 3 specialty properties, and 3 hotels, making it a diverse and attractive location for investors. Overall, Tracy's unique blend of agriculture, transportation, and logistics creates a dynamic environment for businesses to thrive.
What is the average cost per square foot for a restaurant in Tracy?
The average cost per square foot for a restaurant in Tracy is $497 USD per square foot, with an average size of 7,120 square feet and a largest size of 10,875 square feet, making it an attractive option for entrepreneurs looking to establish a food business in this city with a population of around 90,000, situated near major highways and rail lines, and with a strong presence of distribution and logistics companies.
What factors determine the value of a restaurant for sale in Tracy?
The value of a restaurant for sale in Tracy is determined by a combination of factors, including:
- the average price per square foot, which is currently $497 USD per square foot, and the average size of restaurants for sale, which is 7,120 square feet;
- the average cap rate, which is 5.2%, and the largest size of restaurants for sale, which is 10,875 square feet;
- the location and accessibility of the restaurant, with proximity to major highways like Interstate 205, Interstate 5, and State Highway 33, as well as the presence of local amenities like the Tracy Transit Center and the Altamont Corridor Express (ACE) service.
