3182 shelburne

With a prime location right on Shelburne Rd, this single tenant restaurant space is a fantastic investment opportunity. The property already has a NNN lease in place with a scheduled rent increase set for April 1st 2022. Current rental income is $48,000 and will increase to $54,000. Taxes have been included in calculating the NOI of $40,109.10. At our asking price, the property has a very attractive Cap Rate of 7.3%. The space underwent a full scale remodel in 2018, which included a new entrance, bathrooms, bar, server station, floor plan, flooring, paint job, booths, and light fixtures. The space was additionally outfitted with high end furniture, paintings, glassware, silverware, and a full line of kitchen equipment. All of the restaurant equipment is owned with the building and leased to the current tenant.