Property profile

just $125 000 Fully Equipped Commercial Kitchen For Sale Wake Frst Wake Forest, NC 27587

OFF-MARKET
Retail properties & Spaces
600 SF
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Property summary

AI-generated overview

This fully equipped commercial kitchen, located in Wake Forest, NC (zip code 27587), is available for $125,000. Ideal for a ghost kitchen, food truck operation, or catering business, this 600-square-foot space boasts a six-burner range, two deep fryers, and ample racking. Currently operating as a restaurant, the space is available due to the owner pursuing a new career. The lease, with a monthly rate of $2500, expires November 23, 2024, and offers a potential 20+ year extension. The kitchen's low overhead makes it an attractive option for entrepreneurs seeking an affordable entry into the food service industry. The current business employs two people and operates within a competitive landscape of three Indian restaurants in Wake Forest. While inventory is not included in the asking price, the existing equipment provides a turnkey operation, minimizing start-up costs. This presents a unique opportunity to acquire a fully operational commercial kitchen with minimal upfront investment and significant growth potential. The seller is motivated and ready for a quick sale. Support from the seller is negotiable.

Property profile

Verified
Property type Retail properties & Spaces
Total area 600 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

just $125 000 Fully Equipped Commercial Kitchen For Sale Wake Frst Wake Forest, NC 27587
Wake Forest metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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