Restaurant For Lease • 3,688 SF
| Name | Space Use | Size | Rent | Details |
|---|---|---|---|---|
| 1st Floor Ste | Retail | 3,688 SF | $20.00 USD/SF/YR | |
Business for sale at $180,000.00. The base rent is $20/sf and the base rent with NNN is about $9000/month. The owner of the business is also the owner of the building. So the lease will be the first time ever. The owner will not pay buyer agent's commission. Commercial application fee $100 per application. Admin fee $1,000 per property. Please note the property has a patio that comes with the lease without charging the base rent or NNN The dimension is 30x47 ft. The inside is permitted for 99 seats. 40 parking spaces available, with two walk-in fridge/freezer units.
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DEAL STRUCTURE (No Real Estate Included) What’s for sale: Business build-out + equipment assets only Asset purchase price: $150,000 Building: NOT for sale (lease only) LEASE ECONOMICS Base Rent: $20 / SF (cheapest in the area) NNN: $10 / SF (cheapest in the area) Total Base Rent and NNN: $30 / SF Monthly Rent (Base + NNN): $9,000 Upfront Costs After Asset Purchase Paid at or before lease assignment/approval: Item Amount Security Deposit (1 month rent) $ 9,000 Application Fee (to Listing Agent) $ 150 per application (each tenant) Admin Fee (Listing Agent) $ 1,000 Total Upfront Lease/Admin Costs $ 10,150 TOTAL CASH REQUIRED TO TAKE OVER THE RESTAURANT BUSINESS Category Amount Business Assets Purchase $ 150,000 Deposit + Fees $ 10,150 Total Initial Cash Outlay $ 160,150 Ongoing Monthly Obligation Monthly Rent (Base + NNN): $9,000 Paid directly to the Landlord SUMMARY SNAPSHOT Buy-in: $ 150,000 assets only All-in to close: $ 160, 150 Monthly base rent and NNN $ 9,000 No ownership of real estate Rent term 5 years and 5 years optional The tenant must have good credit scores, other income or asset, and experience.
| The Bell District in Cedar Park is a major mixed-use development transforming the old Bell Boulevard corridor into a vibrant and dense population. |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Kim Phung Restaurant |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Austin-Bergstrom International | 44 min | - | 31.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 40 |
| Type: | Surface |
| Included in Rent: | Yes |