- New York City Restaurant $1,900,000
- Basic parameters
- Photo
№ 1,640,785
Restaurant, Long Island, New York, USA
$1,900,000
$6,810 /m²
- Total area 279 m²
- Yield 6.0%
- Lease term —
- Constructed —
Key project parameters
- Total area
- 279 m²
- Number of parking lots
- 51
- Floors
- 1
Project description
Restaurant in a freestanding building.
Description
Total area of the property is 279 m²
Restaurant provided wtih parking for 51 cars.
The length of the building facade is 53 metres.
Tenants
- Agreement
- n/a
The tenant is a large restaurant chain with about 380 branches in USA.
The lease agreement is signed for 20 years with extension options for 4x5 years.
The agreement stipulates the annual rental income indexation at 2%.
Lease agreement type: Triple Net Lease. The tenant covers all expenses related to the taxes, insurance and maintenance of the property.
Financial performance
- Yield
- 6.0%
Absolute annual income is 114,000 $.
The current yield of 6%.
Location and nearby infrastructure
Restaurant situated on the street with high pedestrian traffic, in the district with population of about 14 thousand people. There are shops, theatre and park in close proximity from the property. The accessway to highway located within few minutes drive.
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- annual yield
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Commercial Real Estate Expert
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