CityPlat LLC closes 2nd Long-Term Lease with Crafty Crab Restaurant franchise in North Carolina this Year!

CityPlat LLC closes 2nd Long-Term Lease with Crafty Crab Restaurant franchise in North Carolina this Year!

admin  /   18th November 2019

Raleigh, Nov 18, 2019 (Issuewire.com)  – Crafty Crab Restaurant is a new growing and constantly expanding Cajun Seafood Franchise that currently has 13 locations in several states and many more locations to come! The company headquarters are in Jacksonville, FL and according to their website, Crafty Crab offers the freshest seafood and most authentic recipes in the area. Customers enjoy a friendly, welcoming atmosphere with a Southern Charm that makes them feel at home.

Earlier this year in August, CityPlat LLC successfully closed a 10-year Long-Term Lease with Crafty Crab Restaurant Franchise for 2nd Generation Restaurant Building at 8480 Pit Stop Court in Concord, NC. The 8,081 SF Restaurant building was originally constructed for Mayflower Restaurant and recently occupied by Wooden Spoon. Presently, this site is undergoing renovations.

Three months later, CityPlat LLC finalized lease negotiations and inked a deal to open another Crafty Crab location at 3625 Hillsborough Street in Raleigh, NC.  This one-story, 4,942 SF building on 0.95 acres is situated on the hard corner, at the prime intersection of Hillsborough and Gorman Streets in Downtown Raleigh. This excellent location benefits from significant traffic and market exposure. $98K+ Household revenue within a 3-mile radius with strong income and growth projections. The property is surrounded by NC State University and Meredith College and considered to be a unique and turn-key opportunity. Originally, constructed as an Applebee’s restaurant in 1991(remodeled in 2012), it was continuously operated by Apple Gold, one of Applebee’s largest franchisees. This fully outfitted 2nd generation restaurant will now feature a Crafty Crab Seafood restaurant chain. The site is currently undergoing renovations.

Nikita Zhitov, principal of CityPlat LLC, who facilitated both the above-mentioned lease transactions, commented: “We love this Cajun seafood concept and we are looking forward to more deals with them in other markets and locations in the future”.

Established in 2019, CityPlat LLC Commercial Real Estate Firm is a full-service commercial real estate brokerage, development, and investment firm. The company is sharply concentrated on understanding current market conditions, forecasting future trends in local, regional and national markets. CityPlat monitors economic, demographic, and real estate indicators which enable the company to provide its clients with the knowledge essential in creating successful investment. Through their property development, investments, and commercial brokerage divisions, CityPlat LLC offers nearly 50 years of combined experience in the complete spectrum of property investment and development services.

Media Contact

CityPlat LLC

info@cityplat.com

9196502643

119 SW Maynard Rd., Suite 200. Cary, NC 27511

http://www.cityplat.com

Source: https://www.issuewire.com/cityplat-llc-closes-2nd-long-term-lease-with-crafty-crab-restaurant-franchise-in-north-carolina-this-year-1650554281338651



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