Listed by John L. Scott Real Estate
$1,099,000
120 Rock Island Rd
Details
APN 07300100401,90500100503
Property Type Industrial, Retail
Sub Type Restaurant
Square Footage 472
Cap Rate 10.86%
NOI $119,300
Occupancy 100%
Tenancy Single
Lease Type Gross
Year Built 1954
Year Renovated 2023
Acreage 0.260
Zoning Business, Commercial, Retail
Ownership 100
Iconic Restaurant With business and Land For Sale!
Marketing description
Iconic restaurant for sale! Includes both land parcels, along with newly remodelled building. Larry's Drive In has been in business for almost 70 years! The newly added milkshake machine and space has improved profitability. Larry's is known for the Chicken but also the Burgers! Don't miss out on this turn-key business! One of the owners is a Licensed Real Estate Agent in the state of Washington.
Investment highlights
- Original LP: $1,375,000
- Lot Size: .260 ac/11,326 sf
Listing Contacts
Listed by John L. Scott Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,300.00
$9,941.67/mo
Valuation Metrics
0
DSCR
10.86%
Cap Rate
10.86%
ROI
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