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Salem Turnpike

Norwich, CT 01902
Asking Price
$1.75M
Cap Rate
5.8%
Asset Type
Restaurant Retail
Class
Class B

What's Special

Retail | 5.80% CAP <ul><li>​Cap Rate: 5.8%</li><li>​Current Rent: $100,793.04</li><li>​Current Lease: 8/1/23 - 7/1/33 ...Tenant has exercised option early.</li><li>​Options: (5) Five-Year Options</li><li>​Escalations: 10% every 5 Years</li><li>​Additional Information: Starbucks Corp/S&P A-/Nasdag SBUX</li></ul>

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

Location & Travel Times