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Restaurant in Los Angeles with a 5% yield

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Restaurant in Los Angeles with a 5% yield

4,700,000 $
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Total area: 200 m² Yield: 5.0%
  • Absolute return: 209,150 €
  • Land area: 556 m²
  • 1-floor building
  • Percentage of the rented area: 100%
  • Street retail

It is a small restaurant for sale in Western part of Los Angeles.

Description

The total area of a single-storey building of 200 m².

The plot of 556 m².

The property is in excellent condition.

The restaurant is fully leased out to a major tenant.

Financial performance

Absolute income is 235,000 $.

The current yield of 5%.

Tenants

Tenant is a restaurant chain Denny's fast food, founded in 1953.

The annual turnover of the company exceeds $500 million.

Location

The restaurant is situated on a retail thoroughfare near the residential area.

There is a major regional highway not far away.

Public transportation within the walking distance.

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Georgiy Buznik
Georgiy Buznik
Real Estate Expert Tranio in Los Angeles
+44 20 3608 1267
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