+44 20 3608 1267

New restaurant in the west of New York state with a 5% yield

3,370,000 €
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Total area: 404 m² Yield: 5.0%
  • Absolute return: 169,693 €
  • Land area: 5,787 m²
  • Built in 2014
  • Renter: 100%
  • Development

It is a newly built fast-food restaurant, located in one of the towns on the shores of Chautauqua Lake, New York state.

Description

The building was constructed in 2014.

The total area is 404 m².

The plot of 5,787 m².

The property is fully leased to a major company.

Financial performance

Absolute income is 180,525 $.

The current yield of 5%.

Tenants

Tenant is Panera Bread, fast-food chain with nearly thirty years of history.

Panera Bread includes about 1,800 branches.

The annual turnover of the company is $1,8 billion. The staff consists of more than 40,000 employees.

The Triple Net Lease lease agreement is signed until 2029 with an extension options for 3x5 years and 10% rental rate increase every 5 years.

All operating and repair costs are borne by the lessee.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in New York City
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