Cocktail Bar | Move-In-Ready | Asset Sale

Description

Rare opportunity to acquire a distinctive, high-end cocktail bar in downtown Chattanooga, TN, offered as a turnkey asset sale. A new owner skips the significant startup cost and the months of work a first-generation build out requires, including a kitchen. The space carries roughly $600,000 in leasehold improvements and can open under their own concept on day one.The sale includes an assignable lease with a strong runway: approximately 6.5 years remaining on the base term plus two 5-year renewal options at preset rates. The upstairs is separately subleased to an established business generating approximately $45,000/year, offsetting more than half of the base rent and materially lowering effective occupancy cost.