21 Dec Lease Assignment & Asset Purchase – Restaurant or Retail; 251 Meeting Street
Lease Assignment & Asset Purchase for $400,000. No real estate to convey. The space is located on the corner of Meeting & Wentworth currently occupied by Jestine’s Kitchen, and Tenant is relocating. Zoned General Business.
Asking price includes the assumption of the current under-market lease which expires December 31, 2021 with 1 additional option of 5 years at market rent. Year 1 NNN is estimated to be $10.65 psf.
All existing FF&E conveys to Buyer (The following items are excluded: Tenant’s trade name, menu, all decorations, 1 large table, & 1 antique refrigerator).
The assignment & assumption of the lease is subject to Landlord approval.
See the attached flyer, floor plan, & elevations: 251M Jestine’s Marketing Packet 2017
Contact Chad Yonce, CCIM, CPM for additional information or to arrange a showing.