North Park Restaurant Building
Recently Closed
$715,000
Description
- Purchase Price $715,000, All Cash and No Loan
- Actual Selling CAP Rate = 9.23%
- The Escrow was 31 Days and Included a Bulk Sale Escrow
- The Franco Realty Group Represented the Buyer of the Real Estate
- The Franco Realty Group Found a New Tenant for the Buyer, and Structured a New 5 Year Lease Starting at $5,500/Month Plus NNN
- The Building Size is 1,572 Square Feet with a +/-500 Square Foot Patio
- Formerly Known as Western Steak Burger for 22+ Years
- Now Currently Operated as Breakfast Republic–A Multi-Unit Operator
- The Furniture, Fixtures, and Equipment Sold to New Tenant for $50,000
- The Property is Located 2 Blocks from 30th Street and University Avenue