TITLE:
TUCSON ESTABLISHED SPORTS BAR & RESTAURANT
CONTROL:
Exclusive
VALUE:
$1,650,000
LOAN:
$850,000
EQUITY:
$800,000
TYPE:
Other
HAVE:
Family established sports bar and restaurant on major Tucson Corridor. Three Commercial Lots improved with 3638 SF Bar & Restaurant. Billboard, liquor license, FF&E convey. Established Clientele
ADDRESS:
5769 E Speedway Blvd, Tucson, Arizona
BENEFITS TO NEW OWNER:
Established sports bar with loyal clientele. Financials furnished with NDA.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$0
NOI:
$0
DEBT SERVICE:
$48,168
CASH FLOW:
$-48,168
CAP RATE:
0.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$543,000
$2,514
4%
10/30/2028
Yes
LOAN 2
$300,000
$1,500
6%
10/30/2023
No
BENEFITS SOUGHT:
Out of Management! Move equity to passive investment or cash/
CAN ADD:
La Jolla, CA residence. $7M.
REMARKS:
Sellers are in their 70's and want to get out of the responsibility of management. Son will stay on and lease back if wanted. Will separate assets from business/Bar and Real Estate.
COUNSELOR:
Tom DeSollar
Arizona First Properties LLC
6700 N. Oracle Rd. Suite 235
Tucson, Arizona, 85704
