1323 Gulick Ave Honolulu, HI 96819

This turnkey restaurant opportunity in Honolulu, Hawaii, presents a unique chance to acquire a well-established business. Located at 1323 Gulick Ave, Honolulu, HI 96819, this 800 square foot restaurant is situated in a high-density residential area with excellent street frontage and high foot traffic. The property, built in 1942, operates under a Net Net Net (NNN) lease with approximately 1.1 years remaining until December 31, 2025. The asking price is $75,000, translating to $93.75 per square foot. The current base rent is $1,500 per month, with common area maintenance (CAM) charges of $1,076 per month and a General Excise Tax (GET) of $111.97 per month. A rent increase to $1,600 per month is scheduled from January 1, 2024, to December 31, 2024. The sale includes the business, fixtures, furniture, and equipment (FF&E), recipes, and the assumption of the existing lease. The sale does not include the real property itself. The property is zoned R-3.5 Residential District and has a single unit within a single-story building. The APN is 1-1-3-007-024-0000. This is a fantastic opportunity for an entrepreneur to step into a ready-made, successful restaurant with a loyal customer base.