The Hilltop Restaurant Sale Leaseback

List Price:
Cap Rate at List:
Selling Price:
Cap Rate at Selling Price:

$1,595,000
7.02%
$1,620,000
6.91%

NOI:
Year Built:
Opening Date:
Marketing Package:

$112,000/year
2004
1959
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Popular Hilltop Restaurant on Guide Meridian near Bellingham, WA raised equity by selling the real estate associated with the business. The restaurant operator continues to run the business from this location.

The property was offered at $1,595,000, which is a 7.02% cap rate. The operator signed a new 10-year lease. The property was sold at $1,620,000 through a multiple bid scenario.

Full Marketing Package available by clicking here.

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