Restaurant in New York state

2,250,000 $
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Total area: 280 m² Yield: 6.6% Built in 1980
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Features
  • Operating Incomе: 138,586 €
  • Land area: 4,856 m²
  • 1-floor building
  • Occupancy: 100%
  • Most recent total renovation: 2015

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.

Location and nearby objects

supermarket-icon
Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
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