Takeout Pizza & Pasta
12505 SPRING HILL DRIVE Spring Hill, FL 34609
For Sale
$225,000
Operating GiGi's Pizza & Pasta takeout restaurant offering delivery and pickup services.
Property Size1,126 SF
Price / SF$199.82
Days on Market736
Property Features for 12505 SPRING HILL DRIVE
General Information
Standard status
Active
Size
1,126 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1990
Listing Agency:
RE/MAX SUNSET REALTY
(813) 690-5898
Listed By:
Brian Pfister · License #3040827
(813) 690-5898
Source:
Exitrealty
Added: Jul 23, 2024
Changed: Jul 22
Last Checked: Jul 27 at 2:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SUNSET REALTY
Investment Insights
Based on property information with market context.
This for-sale restaurant operation is an established GiGi's Pizza & Pasta takeout business offering delivery and pickup. The full menu includes pasta, salads, sandwiches, stromboli, calzones, and dinner entrees, supporting both takeout orders and prepared food for quick service.
The business is located within Spring Hill Market along Spring Hill Drive. The operation is described as organized for efficiency, with an existing catering customer base that includes local organizations and events.
Prospective buyers should note the business has online delivery and catering demand as described, with additional third-party delivery opportunities identified in the remarks.
The business is located within Spring Hill Market along Spring Hill Drive. The operation is described as organized for efficiency, with an existing catering customer base that includes local organizations and events.
Prospective buyers should note the business has online delivery and catering demand as described, with additional third-party delivery opportunities identified in the remarks.
Key Highlights
- Operating GiGi's Pizza & Pasta takeout restaurant with delivery and pickup services
- Restaurant established in 2016 and currently operating as a profitable business
- Menu includes pasta, salads, sandwiches, stromboli, calzones, and dinner entrees
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.0k | $20.40 |
| − Vacancy | −$1.6k | −$1.39 |
| EGI | $21.4k | $19.01 |
| − OpEx | −$5.4k | −$4.75 |
| NOI | $16.1k | $14.26 |
1,126 SF · lease $20.40/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$229.4K
$200.7K – $267.6K
NOI $16,056 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.0K
$315.0K – $420.0K
NOI $25,200 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating GiGi's Pizza & Pasta takeout restaurant offering delivery and pickup services.
Where is this conventional restaurant located?
The property is located at 12505 SPRING HILL DRIVE Spring Hill, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Operating GiGi's Pizza & Pasta takeout restaurant with delivery and pickup services; Restaurant established in 2016 and currently operating as a profitable business; Menu includes pasta, salads, sandwiches, stromboli, calzones, and dinner entrees
