Chain coffee house in Connecticut State.
Description
The detached one-storey building with a leasable area of 232 m².
The annual income is 87,500 $.
The yield is 5.5%.
The building is fully let. The tenant is the largest American chain of coffee houses with several tens of thousands of branches around the world.
The lease agreement is valid for 15 years with the extension option 4x5 years and increasing the rental rate by 5% every 5 years.
The brokerage fee is 3%.
The building is located in the state of Connecticut, in a town with a population of 27,000 inhabitants, 130 km from New York.
The attractiveness of the location is due to the proximity of numerous retailers, as well as its strategic location on a street with heavy traffic with drive thru.
Walmart, Home Depot, Kohl's, Home Goods, Big Y, Super Stop & Shop, Staples, T. J. Maxx, Aldi, McDonald's, Arby's are located next to the building.
