0 High Volume Restaurant For Sale - Bring Your Concept Miramar, FL 33025
This exceptional restaurant opportunity in Pembroke Pines, Florida, is offered at an attractive price, representing significant savings on build-out costs. The 3,102-square-foot space, built in 2020, boasts a beautifully designed interior with seating for 80 guests inside and an additional 16 outside. The current layout is fast-casual, easily adaptable to full-service with landlord approval. The high-volume kitchen features a 24-foot exhaust hood, in-ground grease trap, five wok stations, two fryers, a char broiler, convection oven, and ample refrigeration including walk-in cooler and freezer. Extensive kitchen equipment and ample smallwares are included in the sale. Located within a thriving planned community, this restaurant benefits from a prime location in a shopping center with over 291,000 square feet of retail space, including large anchor stores and numerous other restaurants. The immediate vicinity includes three apartment complexes (over 1,500 units) and three hotels (over 360 rooms), serving a three-mile radius population of 169,735 with an average household income of $93,733. The five-mile radius population exceeds 421,519. The current lease expires January 31, 2029, with two five-year options available. Monthly rent is $16,887, inclusive of CAMs and taxes. The restaurant holds a 2COP Beer and Wine license, and the space qualifies for a 4COP SFS License. 2023 sales totaled $1,804,129, with 2024 year-to-date sales reaching $526,699. The current concept is not included in the sale
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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