Triple Net Investment Real Estate

Brooklyn, MD
Baltimore City County

Near Port Covington


Asking Price: Annual Revenue:
$325,000 $44,400

Services: Real Estate


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RE: Triple Net Investment Real Estate Broker: Will Ferguson

Quick Facts

Asking Price: $325,000
Annual Revenue: $44,400
Net Profit: $39,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1997
Employees: Not Disclosed
BBN Listing #: 761227212
Broker Reference #: 1566491

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Business Overview:

Turn Key Operation! Triple Net Investment.Property Owner collects $3,700 per month/$44,400 year from Tavern Owner. Lease has five (5%) annual increases for the next 4 years. Tavern Owner is responsible for all expenses( electricity, water, sewer, heat, air conditioning, maintenance, trash, repairs, signage and glass / fixtures) Tenant is responsible for managing 4- 1 bedroom apartments.Landlord is responsible for all roof repairs over $1,000. Property includes lot ( 520 Cambria Street ) for deliveries and employee parking.

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Property Features and Assets:

Prime investment opportunity! Property is just on the outskirts of Port Covington and is experiencing a lot of renewal! Long term Tavern with new ownership and energy! Turn Key Operation! Triple Net Investment.Property Owner collects $3,700 per month/$44,400 year from Tavern Owner. Lease has five (5%) annual increases for the next 4 years. Tavern Owner is responsible for all expenses( electricity, water, sewer, heat, air conditioning, maintenance, trash, repairs, signage and glass / fixtures) Tavern owner is responsible for managing 4- 1 bedroom apartments.Landlord is responsible for all roof repairs over $1,000. Property includes lot ( 520 Cambria Street ) for deliveries and employee parking.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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