Restaurant Sale Leaseback

13 Center St, Chicopee, MA
Deal Type:
Sale Leaseback
Price:
$2,365,650
Cap Rate:
8.00%
Current Rent:
$189,252
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
13,518 SF
Rent Increases:
1.5% Annually
Site Size:
1.76 Acres

Investment Highlights

  • Long-term, absolute NNN lease with annual rent escalations
  • Central Downtown historic restaurant building in Chicopee, MA, (Springfield, MA MSA)
  • Long-term 20-year stable operating history
  • New 5-year-old roof and updated plumbing when building was rehabbed within the last few years
  • One of the only German restaurants within 100 miles
  • Seating Capacity of 200 in the banquet hall, 200 in the beer garden plus 24 seat bar, and dining room with capacity for 150 plus 24 seat bar

Listing Agents

Jeff Lizzo STREAM Capital Partners

Jeff Lizzo

Senior Vice President
630 222 8409
Jeff@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

In Association with ParaSell, Inc. | Massachusetts Broker #423311-RE-C

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