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1st Floor Ste
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Retail
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3,000 SF
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$17.35 USD/SF/YR
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1. Principal Offer and Asset Purchase
The Buyer hereby offers to purchase all assets and sublease the commercial premises under the following primary terms:
Asset Purchase Price: $265,000 for a complete asset sale.Included Assets:
Full turnkey opportunity including all kitchen equipment, bar builds, furniture, fixtures, and operational equipment (FF&E).Premises Size: 3,000 square feet of fully built-out, second-generation restaurant and bar space.Permits & Licensing:
All current operating permits are active and in place for an immediate handover to a new Owner-Operator.2. Financed Payment Structure Down Payment:
$159,000 (60% of the total purchase price) paid in certified funds at closing.
Owner Financed Note: $106,000 (40% of the total purchase price) carried by the Seller.Interest Rate: Fixed at 7% per annum. Amortization Schedule:
36 monthly payments of exactly $3,272.78 for principal and interest.Prepayment Flexibility:
The note can be paid at any time in part or in full with no prepayment penalty.
3. Sublease and Lease TermsSublease Term: The initial sublease term will run through December 2029.
Extension Options: Includes a tenant option to renew long-term directly with the Master Landlord past the 2029 expiration.
Structure: Execution of a formal Sublease Agreement, subject to the final written consent of the Master Landlord.Concept Conversion:
The premises are delivered ready for the immediate implementation of a new restaurant or bar concept.
Base Rent & Terms: To mirror or stay within the parameters of the existing master lease
4. Contingencies and Due Diligence This offer is strictly contingent upon the following conditions being met within 10 calendar days of signing:
Landlord Consent: Written approval from the Master Landlord regarding the sublease, new concept, and the long-term renewal option.
Asset Inspection: Buyer verification that all kitchen, bar, and HVAC equipment are in good, working order.
Permit Transfer: Successful verification and transfer viability of all existing municipal and operating permits.
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Date available: Now
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Lease term: None
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Service type: Full Service Gross
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Built out as: Drinking Establishment
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Space Type: Sublet
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