Larchmont restaurant with successful tenant growing rent at double digit rate and additional upstairs studio apartment. Double net percentage lease pays everything but taxes. 2018 rent running 20% above 2017 which was 13% above 2016. Tenant in place since 2013, recently renewed 5 year lease. No remaining renewal options. Gut renovation with state of the art kitchen in 2013. 50+ seat dining room along equally large bar lounge area plus dining for 25+ on outdoor patio . Sale includes all top quality furnishings and kitchen equipment. Larchmont NY population almost 17,000 with average household income over $200k, 84% have at least a college degree, Median Larchmont home sale price above $1 million.
Listing courtesy of Daniel Hickey from Houlihan Lawrence Inc.
The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Real Estate Company are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. Copyright 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.