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.
The cost of the properties is 4,188,067 $.
Absolute annual income is 251,284 $.
The current yield of 6.0%.
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.
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.
