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Tim Hortons 2 East Av 1,968 SF Retail Building Paisley PA1 2FD $2,013,936 ($1,023.34/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire a popular drive-thru restaurant investment
- Original 20 year lease from 31 October 2018 expiring 30 October 2038
- Let to DPSK Limited (D&B rating of 2A2)
EXECUTIVE SUMMARY
Instructed to seek offers over £1,500,000 (ONE MILLION FIVE HUNDRED THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level would reflect an attractive Net Initial Yield of 6.65% assuming purchaser’s costs of 6.03%.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Building Size
1,968 SF
Building Class
B
Year Built
2019
Price
$2,013,936
Price Per SF
$1,023.34
Cap Rate
6.65%
NOI
$133,927
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.21 AC
Parking
10 Spaces (5.08 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Tim Hortons | 2 East Av
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