BONSAI JAPANESE RESTAURANT

Retail-Commercial for Sale
Catylist Listing ID: 30464496
Property Subtypes: Restaurant
Building Size (RSF): 5,434 SF
Gross Land Area: 1.19 Acres
Sale Price: $2,650,000
Unit Price: $487.67 PSF
Property Use Type: Investment, Business
Usable Size (USF): 5,434 SF
Sale Terms: Cash to Seller
Cap Rate: 8.6%
Average Occupancy Rate: 100
Last Updated: 8/19/2019

Overview / Comments

Price: $2,650,000
Bonsai facility is 5,434 Sf located on 1.19 acres of
paved parking. The facility was remodled in 2015
and is now a real show place. Building has both
Hibachi Grills and very nice SUSHI and Adult Drink
wet BARS. Additionally, there is a TAKE OUT and
Drive thru PICK UP facility. All furniture , equipment
and fixtures are included in the price. Located on
perhaps one of the Metro's nicer and heaviest
traffic streets with excellent frontage and entrance.
In the center of Several hospitals, Medical Offices
and Heavy professional offices offering a large
consumer base of local customers.
lakeland drive is also the main thru way to Jackson
International Airport. Several Hotels near by.
Simply put... a great location.
NOI 2019 $228,000 CAP rate 8.6%

Attachments & Media

Financials

Finance Data Year 2019
Gross Operating Income $1,350,900 (Annual)
Net Operating Income $228,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Jackson
County: Hinds
Tax ID/APN: 590-62
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Located Between: On Lakeland Drive just off of Interstate 55
Property Visibility: Excellent
Largest Nearby Street: Lakeland Drive
Traffic/Vehicle Count: 65,000
Highway Access: Immediate ti Ms. Hwy 25 and Near Interstate 55
Airports: Jackson International within 9 miles
Property Condition: Excellent
Year Renovated: 2015
Total Parking Spaces: 70
Parking Type: Surface
Sprinklers: Wet
Interior Description: Totally renovated in 2015 Very special
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,076 46,909 133,613
Median Age: 47.86 34.66 34.33
Households: 1,282 19,777 53,003
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