Downtown Gilbert Retail Location + Commissary Kitchen

Gilbert, AZ
Asking Price:$183,000
FF&E:$207,500
Rent:$6,250/Month
Established Year:2023
BUSINESS DESCRIPTION

Both retail location and commissary on Gilbert Rd

Who doesn’t want to have a space in Downtown Gilbert?! With dual entrances, customers will pour into your space from the fantastic parking in the back and the great foot traffic in the front! Fantastic location just down from Joes BBQ and So Cal Tacos and across the street from the new Jester’s comedy club.
We have an ideal space in Downtown Gilbert that was recently built out as a cookie and coffee shop. The shop was only 3 months open. Everything is brand new. Their loss is your gain!
The space is 2,296 sf and rent is only $30sf! This is a sublease situation with 3.5 years left on the lease with two 5 year options. NNN is only $394.67/month which includes water, sewage, and trash. Total monthly rent and NNN is currently $6,257. The space can be taken with or without the current décor and furniture.
This space is ideal for a coffee shop, small retail, cookie shop, soda shop, pastry/bakery shop, grab and go retail, ice cream/milkshake shop, dessert shop, etc.
The space has all brand new floors, ceilings, walls, completely new plumbing throughout, brand new electrical to the panel, all brand new HVAC including 2 new 5 ton AC units. The space passed all inspections and permitted to be open.

The kitchen/prep space in Downtown Gilbert space is small but we have a SEPARATE built out commissary/central kitchen on Gilbert Rd and I-60. The space is only 900 sf and is only $12sf! The space is completely built out and licensed for a bakery. Rent and NNN at this location is only
$1150

Current equipment and buildout costs between both locations were $553,000. Previous tenant and owner of all the equipment is asking for $183K for all equipment, furniture, décor and current buildout at BOTH spaces.

This space has been in operation since June of 2023.


ATTACHED DOCUMENTS
LBC Oven Cut Sheet.pdf.pdf Download
Precision HD-60 Mixer - 80 Qt Bowl.pdf.pdf Download

DETAILED INFORMATION
Location
Gilbert, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,296
Lease Expiration
31/08/2028
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Downtown: Glass display floor case (Qty 2) Under counter fridge Six well ice cream dipping case Merchandise fridge Pepsi/Coke fountains Single door freezer (can upgrade to triple door freezer) Double door refrigerator Pebble ice machine (lease) Commissary: LBC Mini Rotating Rack 8 pan Ovens (Qty 2) Precision HD-60 (80 Qt) Globe SP 60 & SP30 (60 Qt & 30 Qt) Double Door Reach in Fridges (Qty 2) Walk-In Freezer (8 ft x 6 ft x 6.5 ft) Commercial gas range with Type I Hood Triple sink, food prep sink, hand sink Industrial shelving, wall shelving, pans, bins
Competition
Downtown Gilbert is a thriving area and spaces don't come available very often. Foot traffic is great with ample parking in the rear. On the commissary side, you'd be hard pressed to find a more affordable commissary space. No store front at the commissary, strictly set up for production.
Growth & Expansion
With the ability to keep overhead low with the dedicated commissary, this opportunity is a great asset for a business looking to get maximum visibility and exposure.
Support & Training
Willing to give training on all equipment
Reason for Selling
Capital funding

BUSINESS LOCATION
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Brad Peterson
Brad Peterson