Listed by John L. Scott Real Estate Salem
$325,000
Player's Box / VIP
Details
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 6,000
Net Rentable (SqFt) 6,000
Cap Rate 77.14%
NOI $250,710
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 01/10/2028
Remaining Term 1.6
Rent Bumps Yes
Lease Options 1
Price per SqFt $54
Broker Co-Op Yes
Class A
Parking Spaces 30 spaces
Parking Per SqFt 5.00
Investment Type Owner/User
Lease Commencement 01/10/2023
Ground Lease No
Ownership Private
Turnkey High-end Bar, Restaurant & Lotto Business Opportunity
Marketing description
Now's your chance to own a Turnkey Restaurant & Bar Opportunity on TV Highway in Hillsboro!
This dual-purpose, high-end buildout comes equipped with everything you need for front & back service out of the box.
Two distinct experiences under one roof with a club-style venue, stage & lighting on one side, and pool hall / lounge & lotto on the other.
High traffic counts, strong upside, and lease options available.
Blue sky & name stay with seller.
No exchange of real property is included in the sale.
Listing Contacts
Listed by John L. Scott Real Estate Salem
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$250,710.00
$20,892.50/mo
Valuation Metrics
0
DSCR
77.14%
Cap Rate
77.14%
ROI
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