Listed by SRS Real Estate Partners New York
$555,800
Number One Buffet
Details
Property Type Retail
Sub Type Restaurant
Square Footage 1,860
Cap Rate 8.49%
NOI $47,160
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 04/30/2030
Remaining Term 3.9
Rent Bumps Yes
Year Built 1977
Buildings 1
Stories 1
Acreage 0.370
Zoning Commercial
Parking Spaces 36 spaces
Parking Per SqFt 19.35
Investment Type Net Lease
Lease Commencement 05/01/2025
Occupancy Date 05/01/2025
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 8.49% CAP | 1,860 SqFt
Investment highlights
- New 5-Year Lease | Billboard Lease
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Dense Retail Corridor | Proximity To Community Anchors
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Direct Residential Consumer Base
Listing Contacts
Listed by SRS Real Estate Partners New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,160.00
$3,930.00/mo
Valuation Metrics
0
DSCR
8.49%
Cap Rate
8.49%
ROI
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