Kennedy Kafe

Highlights:

• Extraordinary Find
• Restaurant Asset Sale
• Turn-Key Ready
• Best Location on the Metro Market
• Florida Opportunity
• Tampa Bay Metro Market
• Westshore Shopping/Dining & Office District
• Kennedy Address
• Superior Street Exposure
• Abundant Parking

Description:

Super Rare Find
Restaurant Business Assets for Sale
With Leased Space
Under-Market Lease in Place
Turn-Key Operation
Westshore District
Kennedy Blvd Address

KENNEDY KAFE

Our Offering is for the assets of a restaurant business in a leased space; it does not include the existing business. The only Real Estate element is a very attractive under-market lease.

One of the many values in our listing is the extremely generous rental rate; the current and future rental rates at this space are 1/2 of the current market rate for this famous corridor and district. Another plus is this Lease is a Modified Gross Lease and not a Triple Net Lease, meaning there are "No" CAM or additional Pass-Through expenses to the tenant.

Right off the bat, let's talk about the location. The location is simply one of the best locations in all of the Tampa Bay Metro Market, and of course in Tampa. The Traffic Count alone will blow you away at 43,000 vehicles a day, plus another 31,000 at the Westshore intersection, with another 121,000 coming off the Interstate.

It should also be noted that this area is the Lunch Capital of Tampa, with 15,000,000 SF of office within the magical 3-mile radius.

Parking - 5 stars, the biggest parking lot in the area with over 100 spaces.

Signage: Great street exposure facing Kennedy Blvd with 43,000 cars a day seeing your sign.

The following is a partial list of assets and FF&E included in the sale. Please keep in mind this is a total turnkey operation; you will have an opportunity to open within weeks once you bring in your own concept.

Briefly, this is a fast-casual restaurant with interior sit-down dining, counter seating with a full cooking kitchen. The kitchen includes an 8-foot hood, six-burner stove, fryer, grease trap, reach-in coolers, freezer, pots, pans, smallwares, tables, chairs, and so much more.

A complete list of assets, FF&E, and cooking equipment will be supplied in a separate document. But we must stress that this is a total turnkey operation and opportunity.

Site Description:
The Space is in a popular strip center with good tenants in the center and also in the vicinity. As mentioned before, this site has more parking spaces than any center, with over 97 spaces. There is parking out front with quick in-and-out and pick-up. Behind the building, there is an easy-to-get-to manicured parking lot. Our other main entrance is in the rear and has convenient parking by a double-door rear entry.

The front of the restaurant features full-on retail glass facades from floor to ceiling. Upon entering the space, there is extensive indoor seating consisting of two-tops and four-tops on the left side.

On the right side, there is a long counter for ordering, and also counter dining with 15 bar stools. Behind this counter is an impressive open kitchen. As mentioned, this is a full kitchen with the hood, cooking equipment, coolers, freezer, prep counters, dish pit, 3-compartment sink, and more.

In the rear of the open kitchen is an open office area.

The space also features two ADA restrooms.

The site does qualify for a beer & wine license; currently, there is not one in place. This Broker will tell you that they are inexpensive and easy to get.

Rent Situation:
The current Rent is $2937.00 per month, all-in. The rate is $23.50/ft x 1500 for 3+ more years, then $26/ft $3250.00 per month for the next 5 years; remember No CAM.

At the risk of stressing this point even more: Market Rent on Kennedy or Dale Mabry is $45.00 to $55.00 per SF Triple Net. That means the Buyer will save over $450,000.00 over the next 8 years. Any and all small business owners know that Rent is everything.

LOCATION DESCRIPTION: The location is simply stellar. The address is in the superior Westshore / Kennedy Shopping, Dining & Office District.

The address is on the 4500 block of Kennedy Blvd at 4534 West Kennedy Blvd. This address is just 2 blocks east of Westshore Blvd and 5 blocks from the major interchange of Interstate 275 just off the Howard Franklin Bridge.

One minute away to the north is the new Westshore Plaza Proposal & the official Westshore Business District, and 5 minutes to International Mall. Five minutes to the east is the famed Dale Mabry corridor. To the south are the numerous communities of the popular South Tampa District.

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