Fast food restaurant in the detached building.
Total area of the property is 278 m²
The purchase price of the restaurant includes parking.
Absolute annual income is 132,000 $.
The current yield of 4.4%.
The tenant is an international fast food franchise chain.
The lease agreement is signed for 20 years.
Lease agreement type: Triple Net Lease. The tenant covers all expenses related to the taxes, insurance and maintenance of the property.
The agreement stipulates a rental payment indexation.
The agreement will become operative since September 2017.
Location and nearby infrastructure
The restaurant is situated in the residential area of Queens — one of the most densely populated districts of New York.