- 30,592,000 $
- 4.7% yield
- Florida Restaurant $4,188,000
- Basic parameters
- Photo
№ 1,727,347
Restaurant 4,788 m² in Florida
$4,188,000
$874 /m²
- Total area 4,788 m²
- Yield 6.0%
- Lease term —
- Constructed —
Key project parameters
- Total area
- 4,788 m²
- Number of parking lots
- 84
Project description
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.
Tenants
- Agreement
- n/a
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.
Financial performance
- Yield
- 6.0%
The cost of the properties is 4,188,067 $.
Absolute annual income is 251,284 $.
The current yield of 6.0%.
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.
More properties
If this ad doesn't suit you, have a look at the other restaurants for sale in Florida.
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
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Analysing the needs
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Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
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Helping with management
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Organising property viewings
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Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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