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Bar and restaurant in Florida with a 6,5% yield

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Bar and restaurant in Florida with a 6,5% yield

2,609,000 €
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Total area: 847 m² Yield: 6.5%
  • Absolute return: 160,200 €
  • Land area: 5,018 m²
  • 1-floor building
  • Renter: 100%
  • Number of parking lots: 133

It is a single-storey freestanding restaurant investments in one of the seaside towns in Florida.

Description

The total floor area of 847 m².

The plot of 5,018 m².

The property is in excellent overall condition, repair is not needed.

There are 133 parking spaces.

Restaurant is fully leased out to a major tenant.

Financial performance

Absolute income is 180,000 $.

The current yield of 6,5%.

Tenants

The anchor tenant ia a chain of sports bars and restaurants operating in the United States and Canada.

NNN lease contract is signed for 15 years until 2031 with extension options for 3x5 years. The rent is indexed by 10% every renewal.

All operating costs are borne by the tenant.

Location

The bar and restaurant is located next to the cinema.

The district around the bar is densely populated, there are more than 62,000 people in 5 km radius. The purchasing power of 52,000 $.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Florida
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