Property Description

This is a very busy corner building on a main street, and it's been a seafood restaurant for a very long time, and it used to do extremely well. The current tenant has a 20-year lease, starting at $2,560 per month, with a $50 increase every year starting from the third year. This restaurant has had very high sales for a long time. It has a walk-in freezer, cooking grills, and all the necessary equipment. The current owner is currently renovating the facilities. The next owner will receive monthly rent payments. This is a very good investment property. The building owner is only responsible for property taxes, building insurance, and roofing; the tenant is responsible for everything else. The tenant will likely pay the rent reliably because they expect to receive over $150,000 when they eventually sell the business.

Property Features

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