Listed by Dave Nelson Real Estate
$750,000
West Mt Vernon Bar and Restaurant
Details
Property Type Retail
Sub Type Restaurant, Bar
Cap Rate 9.19%
NOI $68,923
Tenancy Multi
Lease Type NNN
Price per SqFt $143
Year Built 1963
Buildings 1
Stories 1
Acreage 0.170
Retail | 9.19% CAP
Marketing description
West Mt Vernon bar and restaurant on the main street (W Division/SR536). Bar and Restaurant operated by Tenant with a NNN Lease. Tenant wants to renew the lease. 9.19% cap rate. Excellent opportunity for future rent increases. Recent electrical and roofing repairs. 3 rental units all rented to the same Tenant. 3 Meters, natural gas, internet, city water and sewer.
Listing Contacts
Listed by Dave Nelson Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,923.00
$5,743.58/mo
Valuation Metrics
0
DSCR
9.19%
Cap Rate
9.19%
ROI
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