Listed by LoVallo Real Estate
$599,900
4572 Clark
Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,600
Units 2
Cap Rate 8.00%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 5
Lease Expiration 03/15/2030
Remaining Term 4
Rent Bumps Yes
Year Renovated 1
Buildings 1
Stories 2
Acreage 1.440
Zoning Commercial
Parking Spaces 65 spaces
Parking per 1,000 SqFt 25.00
Tenant Credit No Credit Rating
Lease Commencement 03/15/2025
Occupancy Date 11/15/2024
Sale Condition For sale by owner
Income Producing SALE!
Marketing description
Successful Yankee BBQ restaurant for sale. Tennant occupied upstairs 3 bedroom apartment included in sale currently paying $1300 per month. Yankee BBQ Lease in place till 2029 with an option for additional 5 years and right of 1st refusal to purchase property. Rent bumps 3% year over year currently at $3605 per month Gross Lease.
Investment highlights
- Basement
- Central AC
- Wood Floor]
- Tile Floor
- Furnished
- Living Quarter
Listing Contacts
Listed by LoVallo Real Estate
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