A "retail turnkey" refers to a fully equipped retail space that is ready for immediate operation. This term is often used in the commercial real estate and retail industries to describe a store or commercial unit that has been completely set up with all necessary fixtures, fittings, and equipment, allowing a new business owner to start operations without the need for significant additional investment or preparation.
Essentially, it means that the space is "turnkey ready," and all the new tenant needs to do is "turn the key" to open for business. This can include everything from shelving and display units to lighting, point-of-sale systems, and sometimes even initial stock inventory.
