Fast food chain restaurant, New York State, USA

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Fast food chain restaurant, New York State, USA

$1,625,000
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  • Yield
    5.4%
  • Rental rate (m²/month)
    $35.3
  • Built in 
    2005
Details
Property parameters
  • Leasable area: 209 m²
  • Land area: 1,861 m²
  • 1-floor building
Tenants
  • Fully let
  • End of lease: 2031
Transaction costs
  • Broker: 3.0%
Features
  • Street retail

Fast food chain restaurant in New York State.

Description

The detached one-storey building with a leasable area of 209 m².

Financial performance

The annual income is 87,750 $.

The yield is 5.4%.

Tenants

The building is fully let. The tenant is a chain of fast food restaurants in the USA, Canada and the UK with more than 2,500 cafes.

The lease was concluded until 2031.

Transaction costs

The brokerage fee is 3%.

Location and nearby infrastructure

The building is located in the state of New York, in a city of about 150,000 inhabitants, 130 km from Rochester.

The property is located in a residential area of the city. The area is inhabited by approx. 10,000 people with an average family income of $ 62,000.

The attractiveness of the location is due to the proximity of numerous representatives of retail trade and public transport stops (4 stops within a radius of 200 m). Within walking distance there are Target, Starbucks, Ulta Beauty, Marshalls & HomeGoods, Bed Bath & Beyond, McDonald’s and other well-known brands.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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