Bellini Tuscan Restaurant
NNN Lease with long term upside potential
Marketing description
Price Reduced…Bellini Osteria Toscana has quickly established itself as a distinguished dining destination. Renowned for its authentic Tuscan cuisine, the restaurant has received high praise for its exceptional food quality and warm, inviting atmosphere. Notable achievements include the introduction of traditional Italian dishes crafted by chefs brought in from Italy, ensuring an authentic culinary experience. Customers have consistently lauded the restaurant for its attentive service and delightful ambiance, making it a favorite spot for both casual and special dining occasions. www.belliniosteriatoscana.com
The location is ideal for a high quality Italian restaurant, and this has been an established restaurant location for over 40 years. The experienced operator recently moved from Connecticut to Atlanta leased the real estate from the landlord and previous restaurant operator. The interior has received a new renovation bringing the feel of Tuscany to this property. The area can support restaurants like this, with an average household income of $185,000 and with over 166,000 people living within 5 miles of the property.
Investment highlights
Selling the real estate as an investment - leased through December 2034 with 2% annual increases and a 5 year option to extend at the end of the lease.
Attractive Italian restaurant in the affluent Roswell suburb of Atlanta
Experienced restaurant operator who moved from Connecticut to Atlanta, and has signed a personal guarantee to the lease
Lease commenced on January 1, 2024 for 10 years
Replaceable rent at under $27/SF and a potential future redevelopment site
Recorded cross access and parking access with adjacent shopping center
NNN lease with no landlord responsibilities, thus ease of management
Strong average 1-mile household income of $182,312 and is expected to increase by 15.96% to over $211,000 in the next 5 years
Dense population with 166,225 people living within a 5 mile radius
Great visibility with 27,728 vehicles passing per day on West Crossville Road, (Hwy 92) and 28,568 vehicles passing per day on Crabapple Road
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