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Restaurant

Paris Bakery - Downtown West Palm Beach

212 S Olive Ave, West Palm Beach, FL 33401

Listing Price: $1,650,000

Tenant Name
Paris Bakery
Years Remaining On Lease
3.7
Gross SF
2,247
Guarantor
Personal Guarantee
Rentable SF
2,247
Price/Gross SF
$734.31
Lease Type
Absolute Net

Investment Overview

This asset is structured as a Sale-Leaseback at below market rents. If an Owner/User wants the space it can be delivered vacant. The Seller has an established bakery and restaurant that has been in this location for over 10 years. The Sale-Leaseback opportunity is structured at a $35.00 net lease in a $40-$60 market for the same use in similar locations. This presents an opportunity to receive a modest return with the security of a personal guarantee backed by an established business with lots of upside in the future when renting the unit for much increased market rents in downtown West Palm Beach.

Investment Highlights

  • Established bakery and restaurant business for over a decade located in Downtown West Palm Beach.
  • The Seller is executing a five year lease with options at the time of the sale and will continue tp operate the business at a below market rent of $35.00 NNN.
  • This asset is structured as a Sale-Leaseback at below market rents. If an Owner/User wants the space it can be delivered vacant.

Exclusively Listed By

Financing By

Restaurant

Paris Bakery - Downtown West Palm Beach

Listing Price: $1,650,000

Tenant Name
Paris Bakery
Years Remaining On Lease
3.7
Gross SF
2,247
Guarantor
Personal Guarantee
Rentable SF
2,247
Price/Gross SF
$734.31
Lease Type
Absolute Net

Investment Highlights

  • Established bakery and restaurant business for over a decade located in Downtown West Palm Beach.
  • The Seller is executing a five year lease with options at the time of the sale and will continue tp operate the business at a below market rent of $35.00 NNN.
  • This asset is structured as a Sale-Leaseback at below market rents. If an Owner/User wants the space it can be delivered vacant.

Investment Overview

This asset is structured as a Sale-Leaseback at below market rents. If an Owner/User wants the space it can be delivered vacant. The Seller has an established bakery and restaurant that has been in this location for over 10 years. The Sale-Leaseback opportunity is structured at a $35.00 net lease in a $40-$60 market for the same use in similar locations. This presents an opportunity to receive a modest return with the security of a personal guarantee backed by an established business with lots of upside in the future when renting the unit for much increased market rents in downtown West Palm Beach.

Exclusively Listed By

Financing By

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