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Restaurant in New York state with a 6,6% yield

2,092,000 €
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Total area: 280 m² Yield: 6.6%
  • Absolute return: 138,586 €
  • Land area: 4,856 m²
  • Built in 1980
  • 1-floor building
  • Renter: 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.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in New York City
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