Restaurant, New York, USA

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Restaurant, New York, USA

4,000,000 $
17,094 $ /m²
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  • Total area
    234 m²
  • Yield
    5.62 %
  • Rental rate (m²/month)
    74 $
  • Built in 
    1970
Details
Property parameters
  • Land area: 2,954 m²
  • Number of parking lots: 36
  • 1-floor building
Financial performance
  • Annual income: 208,911 $
Tenants
  • Fully let

Restaurant with a large chain as a tenent.

Description

The building of 234.3 m².

Entire renovation was carried out in 2017

Financial performance

The cost of the facility is 4,000,000 $.

The absolute annual income is 224,800 $.

The current yield of 5,62%.

Tenants

Leased by an experienced tenant, who is an American multinational pancake restaurant chain that specializes in breakfast foods. The company has more than 1,500 locations in North America, Latin America, the Middle East, Southeast Asia, and Oceania.

Type of lease: triple net lease.

The most common type of lease in case of long-term contracts. The owner takes a lease ”in triple size, “ that is, without deduction of tax, insurance and maintenance costs (these costs are contractually borne by the tenant). The triple net lease agreement is aimed at saving the lessor from unnecessary costs, additional work and thereby increase the profitability of real estate.

Location and nearby infrastructure

The property is located in Oyster Bay, the easternmost of the three towns which make up Nassau County, New York. Part of the New York metropolitan area with a population of more than 200 thousand people.

Nassau County is the most expensive county and one of the highest income counties in the United States, the most affluent in the state of New York, and four of the nation's top ten towns by median income are located in the county.

There are restaurants, banks, beauty salon, pharmacy and church in the immediate vicinity.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other restaurants for sale in the USA.

You can see more restaurants for sale in New York City elsewhere on our website.

Statistics in New York City

Price per m², $
13,845
Healthcare efficiency level
65
Index 65 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
56
Index 56 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 13,844.58
Apartment in a bedroom community, m² 6,030.31
Transport Price, $
Public transport, 1 ride 2.64
Monthly travel card 116.23
Taxi, 1 km 1.64
Petrol, 1 l 0.77
Food Price, $
Water, 1.5 l 2.21
Milk, 1 l 1.08
White bread, 500 g 3.75
Eggs, a dozen 3.42
Chicken fillet, 1 kg 12.59
Education Price, $
Kindergarten, per month 2,285.93
International school, per year 36,632.36
Health care index
Staff competence 73.99
Medical equipment 88.27
Research accuracy and completeness 73.48
Attitude towards patients 68.69
Security index
Crime rate 46.42
The risk of being robbed 43.5
The risk of car theft 43.99
The risk of break-in and property damage 50.34

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Anna Kurianovich
Anna Kurianovich
Investment consultant in New York City
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