Restaurant in New York state

2,132,000 $
Send a request
Total area: 515 m² Yield: 6.5%
Send a request
Features
  • Operating Incomе: 130,265 €
  • Land area: 4,046 m²
  • 1-floor building
  • Occupancy: 100%

It is a 24-hour fast-food restaurant, located in one of the small towns in the north of New York state near the Ontario Lake.

Description

The total area is 515 m².

The plot of 4,046 m².

The subject property is ideally located along a busy avenue with over 19,800 vehicles per day passing by.

The property is fully leased to a major company.

Financial performance

Absolute income is 138,580 $.

The current yield of 6,5%.

Tenants

Tenant is Denny's, fast-food chain with more than half a century of a history.

Denny's has about 1,600 restaurants in the United States, and the annual income of the company exceeds $ 110 million.

The Triple Net Lease lease agreement is freshly signed this year until 2025 with rent rate indexation per 10% every 5 years.

All operating and repair costs are borne by the lessee.

Location and nearby objects

supermarket-icon
Supermarkets
school-icon
Schools
cafe-icon
Cafe and restaurants
hospital-icon
Hospitals
airport-icon
Airports
Reset

More properties

If this property wasn’t for you, take a look at other restaurants for sale in USA.

You can see more restaurants for sale in New York City elsewhere on our website.

Similar listings

We select ads that may interest you.

Enquire about this restaurant
Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    Send one more request
    • Bank financing from 3% annually
    • Construction site audits
    • Management company services