Turn Key Triple Net Investment

Brooklyn, MD (Baltimore City County)

Turn Key Triple Net Investment
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Asking Price: $325,000

Cash Flow: $39,000

Gross Revenue: $44,400

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Turn Key Triple Net Investment

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Business Description

Turn Key Triple Net Investment

Turn Key Operation! Triple Net Investment.Property Owner collects $3,700 per month/$44,400 year from Tavern Owner. Lease has five (5%) annual increases for the next 4 years. Tavern Owner is responsible for all expenses( electricity, water, sewer, heat, air conditioning, maintenance, trash, repairs, signage and glass / fixtures) Tavern owner is responsible for managing 4- 1 bedroom apartments.Landlord is responsible for all roof repairs over $1,000. Property includes lot ( 520 Cambria Street ) for deliveries and employee parking.

Detailed Information

Facilities:
Large updated Tavern with 4 -1 bedroom apartments. Tavern owner takes care of all expenses.
Competition:
This tavern has been around for over 30 years and has a 7 day a week license which includes carry-out. A kitchen would really ramp up the revenue.
Growth & Expansion:
Rent is below market. When lease expires, owner can increase rent by 25%
Reason for Selling:
Retiring
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(from currently available funds)
 
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Sondra Yarbrough, ABI

Business Listed By:
Sondra Yarbrough

Baltimore Washington Buisness Brokerage

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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