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680 Southbridge St
Auburn, MA 01501
Asking Price
$1.85M
Cap Rate
6.5%
Asset Type
Restaurant Retail
Class
Class B
What's Special
Retail | 6.50% CAP | 5,479 SqFt <p><strong>LONG TERM GROUND LEASE: </strong>Applebee’s has been at this location since 1999, originally on a 20-year ground lease. They have exercised the first two (2) of their 5-year options, demonstrating their commitment to the site and the market. Applebee’s currently has 3+ years remaining with two (2), 5-year renewal options remaining.</p><p></p><p><strong>SCHEDULED RENT INCREASES:</strong> The lease calls for rent increases of 4.2% and 4% at the start of the first and second renewal opti
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NOI
$80,000
Cap Rate
4.33%
DSCR
0.73
Underwater
Cash-on-Cash
-5.35%
Monthly Payment
$9,133.758
Annual Cash Flow
$-29,605.093
