Commercial Kitchen 1,732 sq.ft. 12 ft hood.
Asking Price: | $175,000 |
Established Year: | 2017 |
**ASSET SALE**
This is a much better option than renting. A similar commercial kitchen can be rented for around $8,000/mo. Break even for buying this kitchen with up front cash and paying only $3,000/mo rent is only 4 years. Plus you can sell and get your money back at any time.
The kitchen was built in 2017 and everything is in excellent condition.
The value is in the tenant improvements, fixtures, equipment, and below market rate lease.
The cost to build a kitchen of this size from an empty shell would be at least $400,000 and take at least 12-18 months.
Bring your own business and start operating immediately.
FACILITY SIZE: 1,732 square feet
RENT -Base/mo.: $2,250/mo.
RENT -NNN/mo: $835/mo.
RENT INCREASE: 3% per year
EXPIRATION: 4/1/2029
RENEW OPTION: to be negotiated as part of the sale.
RENT DEPOSIT: $2,737
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