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Listed by Phineas Wish of EXP Realty
With a prime location right on Shelburne Rd, this single tenant restaurant space is a fantastic investment opportunity. The property already has a NNN lease in place with a scheduled rent increase set for April 1st 2022. Current rental income is $48,000 and will increase to $54,000. Taxes have been included in calculating the NOI of $40,109.10. At our asking price, the property has a very attractive Cap Rate of 7.3%. The space underwent a full scale remodel in 2018, which included a new entrance, bathrooms, bar, server station, floor plan, flooring, paint job, booths, and light fixtures. The space was additionally outfitted with high end furniture, paintings, glassware, silverware, and a full line of kitchen equipment. All of the restaurant equipment is owned with the building and leased to the current tenant.

Property Details of 3182 Shelburne Road

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 8, 2021.

 

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