It is a fast-food restaurant, located in one of the small towns in the south of New York state.
Description
The one-storey building was constructed in 1980.
The total area is 280 m².
The plot of 4,856 m².
The tenant carried out a major renovation in 2015.
Water supply and sewerage are municipal.
The property is fully leased to a major company.
Financial performance
Absolute income is 149,500 $.
The current yield of 6.6%.
Tenants
Tenant is Burger King, the second-largest worldwide fast-food chain with more than half a century of a history.
The Triple Net Lease lease agreement is signed until 2024 with an extension options for 2x5 years.
All operating and repair costs are borne by the lessee.
