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Restaurant in New York state with a 6,5% yield

2,132,000 $
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Total area: 515 m² Yield: 6.5%
  • Absolute return: 130,265 €
  • Land area: 4,046 m²
  • 1-floor building
  • Renter: 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.

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Georgiy Buznik
Georgiy Buznik
Real Estate Expert Tranio in New York City
+44 20 3608 1267
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