About This Restaurant
Investment Highlights
6k SF Restaurant Building on High Visibility 3.3 Acre Pad Parking Lot & HVAC Recently Replaced and are Tenant?s Responsibility Long-Term, Net-Lease With High Performing Mexican Restaurant Group
Executive Summary
The NNN Pro Group is pleased to present the exclusive listing for the Frontera Grill located at 18 Lowes Drive in Tilton, New Hampshire. The site consists of roughly 6,098 rentable square feet of building space. This Frontera Grill is subject to a 10-year Double Net (NN) Lease where the Landlord is Responsible for maintaining The Roof & Structure. Once the roof is replaced, the property becomes a triple-net (NNN) Lease where the tenant becomes responsible. The initial annual rent is $198,315 and the tenant reimburses an additional $15,374.65 for an amortized capital expense over the course of the primary lease. The rent is scheduled to increase by 10% Every Five Years. There are 2, 5-Year renewal options.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 6,062
- Building Class B
- Year Built/Renovated 2005/2023
- Price 2,700,000
- Price Per SF 445
- Cap Rate 7.34
- NOI 198,315
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.04
- Land Acres 3.32 AC
Property Taxes
| Parcel Number | TILT-000024R-000001-000002 | Improvements Assessment | $1,795,600 |
| Land Assessment | $647,200 | Total Assessment | $2,442,800 |
| Date Created: | 2024-07-16 04:16:25 | Last Updated: | 2024-07-16 04:16:25 |
| Address: | 18 Lowes Dr , Tilton, New Hampshire, 03276 | ||