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32618590

234 Kitchen Ave, Modern City, FL 33304 For Sale

JD
FL BK3134747, 3134747
RE/MAX 5 Star Realty
Listed by RE/MAX 5 Star Realty
$1,490,000
66 days on market
Updated 61 days ago

234 Kitchen Ave

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 4,056
Units 1
Cap Rate 20.13%
NOI $300,000
Class A
Ground Lease No

Turn-Key Restaurant/Bar in Broward County

Marketing description

This offering represents the confidential sale of a fully built, turnkey restaurant and bar business located along a prime commercial corridor in Broward County, Florida. This is a rare opportunity to acquire a newly constructed hospitality operation in a dense, high-growth submarket supported by strong residential demographics, year-round tourism, and continued mixed-use development.

The business operates from approximately 4,000+ square feet with a full commercial kitchen, indoor and outdoor dining, and a full liquor bar with seating for over 170 guests. Since opening in late 2025, the restaurant has shown steady revenue growth, generating approximately $144,000 in January sales and achieving profitability by its second full month of operation. Ownership invested approximately $2.2 million into the buildout, and the business is projected to net $300,000–$350,000 in 2026, representing an estimated 15%–16% cap rate at the full asking price. The long-term 10-year NNN lease with renewal options provides stability for both owner-operators and investors

Investment highlights

  • Prime restaurant/bar in a high-demand Broward County market
  • 176-seat capacity with indoor & outdoor dining (112 dining / 40 outdoor / 24 bar)
  • Property Size: 4,056 SF
  • Full commercial kitchen and bar
  • Long-term 10-year NNN lease w/ renewal options
  • January Gross Sales: ~$144,000
  • Projected 2026 Net Income: $300,000
  • 15.4% Projected CAP Rate
  • $2.2M invested into high-end buildout

Listing Contacts

JD
FL BK3134747, 3134747
RE/MAX 5 Star Realty
Listed by RE/MAX 5 Star Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$300,000.00
$25,000.00/mo

Valuation Metrics

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DSCR
20.13%
Cap Rate
20.13%
ROI

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Additional Information

Name
John DeMarco
License
BK3134747
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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