Woodbury, Minnesota, offers a unique opportunity for investors to own a piece of the city's culinary scene with its selection of restaurants for sale. With a population of approximately 75,000 residents, Woodbury provides a diverse customer base for restaurants to cater to. Restaurants in Woodbury can range from casual eateries to fine dining establishments, offering a variety of cuisines to suit different tastes and preferences. The city's location, with its proximity to Saint Paul and the Minneapolis–Saint Paul metropolitan area, makes it an attractive location for businesses. Woodbury's amenities, such as the HealthEast Sports Center and Central Park, provide a welcoming environment for residents and visitors alike. The city's infrastructure, including Interstate 94 and major roads like 60th Street South and Century Avenue, ensures easy access to surrounding areas. Notable companies like State Farm Insurance, 3M, and Dean Foods/ Land O'Lakes have a presence in Woodbury, contributing to the city's economic activity. The city's educational system, including the South Washington County School District, also attracts families and young professionals. Woodbury's geography, with its lakes and natural features, offers a picturesque setting for restaurants to establish themselves. Overall, Woodbury's unique blend of suburban charm and access to urban amenities makes it an attractive location for restaurant owners and investors.
Currently, there are 2 restaurants for sale in Woodbury, offering a range of options for investors. The average price per square foot for these restaurants is $279 USD, with an average size of 19,922 square feet. The largest restaurant available is 34,854 square feet. In addition to restaurants, Woodbury also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Woodbury provide a stable source of rental income, while shopping centers offer a hub for retail activity. Specialty properties, like the HealthEast Sports Center, cater to specific needs and interests. Hotels in Woodbury, such as those near Interstate 94, serve the city's visitors and business travelers. With its diverse economy and amenities, Woodbury presents a compelling case for investors to consider its restaurants and other properties for sale.
What is the average cost per square foot for a restaurant in Woodbury?
In Woodbury, the average cost per square foot for a restaurant is $279 USD per square foot, with an average size of 19,922 square feet and a largest size of 34,854 square feet, making it an attractive option for restaurateurs looking to establish a presence in this suburban city.
What factors determine the value of a restaurant for sale in Woodbury?
When evaluating the value of a restaurant for sale in Woodbury, several key factors come into play, including:
- Location, with proximity to major roads like Interstate 94 and 60th Street South, as well as nearby amenities like the HealthEast Sports Center and Central Park, being highly desirable;
- The size and condition of the property, with an average size of 19,922 square feet and average price per square foot of $279 USD, as well as the overall condition and age of the building;
- Financial performance, including the average cap rate of 7.25%, as well as the restaurant's revenue, profitability, and growth potential, which can be influenced by the local economy and demographics, such as the city's population of around 75,000 and its diverse educational system.
