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  • Writer's pictureBold Real Estate

Choose 2nd generation restaurant space to save time and money

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If you know burgers in Chapel Hill, then you know Gov’s Burger and Tap—or as it’s known locally, Gov’s—home of the Roy Williams, Tarheel and You Might Be A Redneck If… burgers (do not hold the fried egg).

Opening its doors in late 2020, Gov’s has become a beloved community staple known for its warm, welcoming atmosphere and great food. When you visit, be sure to check out their covered patio dining (with heater!) or their monthly car show.

But Gov’s isn’t just a great example of a friendly neighborhood burger joint. It’s also a great example of second generation restaurant space.

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What is second generation restaurant space? 

In commercial real estate, second generation restaurant space is a commercial space that has already been upfitted with the fixtures, furniture and plumbing needed to open a restaurant.

Basically, choosing to lease or buy second generation restaurant space can save you a significant amount of money and time (which is also money). 

Think about it: when you lease a space that’s already been fitted with a grease trap, hood and other costly fixtures, you save the money that you would spend building a kitchen from scratch. Potential savings from choosing to lease this type of space can run into hundreds of thousands of dollars.

Gov’s Burgers opened in a space previously occupied by Al’s Burger Shack, taking the burger joint concept and giving it their own unique spin.

Second generation restaurant space is in high demand and therefore hard to find, and for good reason. But there are other options. 

501 Landing might have the perfect restaurant space for you

A brand new leasing opportunity, 501 Landing is coming this summer to Chapel Hill. Imagine having one of the most expensive restaurant upfit features already done for you – remember why we like 2nd gen restaurant space? This 2,400 square foot endcap comes with a grease trap AND a partially covered shared patio. Add a tenant improvement allowance (TIA) toward your budget to renovate your space just the way you like it.

Plus, 501 Landing is in a prime location for traffic and visibility along the highly trafficked 15-501 corridor connecting Orange and Chatham counties.

There are only two spaces, so now is the time to think about leasing a space for your next restaurant location. Get in touch with the team at Bold Commercial Real Estate to learn more. 919-883-5502

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