The Hilltop Restaurant Sale Leaseback
Cap Rate at List:
Cap Rate at Selling Price:
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.