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631 Bayview Rd
Middletown, DE 19709
Middletown Delaware Restaurant · Property For Lease
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3,536 SF
ABOUT THE PROPERTY
Extremely Unique Restaurant Opportunity! 73 years left on transferable lease with base rent of $1.00/year. This is not a typo, the base rent is $1.00/year and the current lease term expires on 12/31/2090. The restaurant was built in 1994 and consists of 3,536 sf with dining room, bar, patio, plus a full basement with walk-in boxes, dishwasher, dry storage, dumbwaiter, and office. 95 parking spots. The tenant is responsible for building and grounds maintenance, taxes, insurance, and utilities. The current Tenant is selling their furniture, fixtures, equipment AND their right to occupy the property for the next 73 years for $325,000. The lease also permits a new tenant to obtain a mortgage and finance the purchase price for the FF&E. The restaurant is conveniently located less then 1 mile from the RT 1/Boyds Corner Rd. interchange in one of the fastest growing areas in the region.
PROPERTY FACTS
