4,200 SqFt
4,200 SqFt
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Rent
Square Footage 4,200 sqft
MLS Listing ID PR9125354
Construction Status Completed
HOA Y/N No
Year Built 2018
Lot Size 0.610 Acres
Acres 0.61
Property Sub-Type Restaurant
Source Stellar MLS
Property Description
THE RESTAURANT. 3,000 sq. ft. building on a 2,449 sq. m. lot, with ample parking and access to approximately half an acre of additional space for "chinchorreo" tour buses (Puerto Rico's popular food-and-music bus outings). Its current Single Use Permit authorizes a restaurant with alcohol sales, live music, jukebox and pool tables, a combination rarely found in the area and ideal for events, group outings and concerts. Delivered turnkey and fully operational, including furniture, fryers, refrigerators, commercial bottle coolers and all equipment. Includes the chinchorreo client list: established groups that visit nearly every weekend from all over the island.
THE VILLAS. Nearly new, delivered furnished and equipped with air conditioning, internet and jacuzzi. They have a proven vacation rental track record in a high-demand area, and their guests dine directly at the restaurant.
TRANSITION. The experienced staff is available to remain at the tenant's discretion. Includes an initial training period of approximately four weeks with the current owner.
TERMS. Starting rent of $10,000 per month plus $150,000 key money, with long-term terms negotiable. This is a lease (NNN) tenant pays property taxes (CRIM), insurance naming the landlord as additional insured, and maintenance of the entire property. The tenant also transfers all utilities and services into its own name (electricity, water, cable TV and internet), obtains its own licenses and permits, and operates the villas under its own accounts on vacation rental platforms. Equipment is delivered per a signed inventory and returned at the end of the lease. Security deposit and personal or corporate guarantee required.
REQUIREMENTS. Proven restaurant or hospitality experience, financial statements, proof of financial capacity and business references.
Location
State PR
County Patillas
Area 00723 - Patillas
Interior
Heating Gas, Electric
Cooling Mini-Split Unit(s)
Flooring Concrete
Appliance Microwave, Refrigerator, Washer
Exterior
Utilities Available Water Connected, Electricity Available
View Y/N No
Water Access No
Roof Type Concrete,Metal
Building
Lot Description Landscaped, Waterfront
Entry Level One
Foundation Block
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Public
Structure Type Block,Concrete,Metal Frame,Frame,Metal Siding,Wood Siding
New Construction true
Construction Status Completed
Others
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