Portfolio of restaurants, FLorida, USA

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Portfolio of restaurants, FLorida, USA

$4,188,000
$874 /m²
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  • Total area
    4,788 m²
  • Yield
    6.0%
Details
Property parameters
  • Number of parking lots: 84
Financial performance
  • Annual income: $209,815
Tenants
  • Fully let

Portfolio of two restaurants

Description

The areas of the buildings are 2,926 m² and 1,862 m².

The buildings were built in 1977 and 1974, and fully remodeled in 2011 and 2015.

There are parkings for 50 and 34 cars in the territory of restaurants.

Financial performance

The cost of the properties is 4,188,067 $.

Absolute annual income is 251,284 $.

The current yield of 6.0%.

Tenants

The tenant is the American snack chain, which has more than 1,500 branches around the world. The annual turnover of the company exceeds $ 300 million.

Lease agreements was signed:

  • till 22.03.2022 with options 4x5
  • till 29.04.2020 with options 3x5

Type of agreements — triple net lease.

Location and nearby infrastructure

The distance between restaurants is 145 km.

The first restaurant is in 37 and 54 km from the central business districts of Daytona beach and Orlando.

The second property is located in 5 km from Cape Canaveral.

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If this ad doesn't suit you, have a look at the other restaurants for sale in Florida.

All ads in the country: restaurants for sale in the USA.

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