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Family Restaurant with Real Estate (absentee owner) serving breakfast, lunch and dinner located on Major highway. Building is six years old with 3200 sq. ft. and in excellent condition. Building sits on 2/3 acre of land. For investors the monthly lease would be approximately $3500 + NNN a month. Using a cap rate of 6.5% the value of the real estate is $646,000. Annual Gross Sales are currently in the $500,000 making the business worth about $175,000, making the real estate and business worth $821,000.
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General Information
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| Listing Status: |
Sold |
| Price: |
$750,000 |
| Location: |
Chico~Yuba City |
| Hood System: |
No |
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