Listed by Kidder Mathews Bellevue, Skyline Properties
$988,000
Peony Kitchen
Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 6,455
Units 1
Tenancy Single
Lease Type NNN
Lease Expiration 09/29/2031
Remaining Term 5.3
Lease Options Two five-year renewal options through September 30, 2041
Class A
Parking Spaces spaces
Investment Type Owner/User
Ground Lease No
10317 Main St, Suite 100, Bellevue, WA 98004
Marketing description
Rare, established turn-key second-generation restaurant on Main Street in Old Bellevue. Peony Modern Kitchen's mission is to offer modern interpretations of Chinese restaurant cuisine in a stylish and vibrant setting.
Investment highlights
- Business established for over 9 years
- Restaurant website: https://peonykitchen.com
- Indoor seating: +/-177
- Outdoor seating: +/-24
- Private dining room(s)
- Sublease term through September 30, 2031 with two five-year renewal options through September 30, 2041
- Lease rate: $52.50/RSF + NNN
- NNN $12.25 (2026 est)
- Sale Price: Inquire
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