- New York City Restaurant $3,000,000
- Basic parameters
- Photo
№ 1,666,794
Restaurant, New York, USA
$3,000,000
$10,791 /m²
- Total area 278 m²
- Yield 4.4%
- Lease term 2037
- Constructed —
Key project parameters
- Total area
- 278 m²
Project description
Fast food restaurant in the detached building.
Description
Total area of the property is 278 m²
The purchase price of the restaurant includes parking.
Tenants
- Agreement
- Yes
- End of lease
- 2037
The tenant is an international fast food franchise chain.
The lease agreement is signed for 20 years.
Lease agreement type: Triple Net Lease. The tenant covers all expenses related to the taxes, insurance and maintenance of the property.
The agreement stipulates a rental payment indexation.
The agreement will become operative since September 2017.
Financial performance
- Yield
- 4.4%
Absolute annual income is 132,000 $.
The current yield of 4.4%.
Location and nearby infrastructure
The restaurant is situated in the residential area of Queens — one of the most densely populated districts of New York.
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