Recent appraisal of a new construction restaurant property. This freestanding retail, restaurant property is situated in the Southlands Lifestyle Center in Aurora, CO. The property features a large, partially enclosed patio area, an indoor bar area and large customer seating area. The property was approximately 9,500 square feet. The user of the property was a regional chain.
Strength’s and weaknesses of using two widely accepted rule of thumb valuations for restaurants and bars.