About This Restaurant
Investment Highlights
Plenty of parking(about 1.8 acres)
Executive Summary
New roof. Very low rent rates. Current gross income 235,520.00/y. Unit 11 is available for rent, totaling 550 sf, increasing income by + $ 7,700.00 k/y or more(gross). Fix expenses 56k/y. Note, at 2.6 M it is $ 128.00/fs of building. Plenty of parking(about 1.8 acres). Pro-Forma return is 7.3 %, when 100 % leased( unit 11 is my office, and it could be rented for $ 7,700.00/year).
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant
- Building Size 20,300
- Building Class B
- Year Built/Renovated 1980/2021
- Price 2,800,000
- Price Per SF 138
- Cap Rate 7.30
- NOI 204,500
- Percent Leased 87
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.27
- Land Acres 1.74 AC
Amenities
- Corner Lot
- Courtyard
- Freeway Visibility
- Pylon Sign
- Restaurant
- Security System
- Roof Terrace
| Date Created: | 2024-07-16 04:13:33 | Last Updated: | 2024-07-16 04:13:33 |
| Address: | 10730 US Hwy 19 , Port Richey, Florida, 34668 | ||