Opportunity to take over this salon space from the tenant, Ginny Lynn Salon. This is an operating business so please do not disturb the tenant, a showing is required to view. This is a turn-key salon space with a large open area for workstations and a reception/lounge area. There are 3 private rooms that are currently used as a tanning room, a nail room, and a massage room, in addition to a nice private bathroom and a kitchen/break room. List of equipment available for purchase can be provided and current booth renters wish to stay onboard - more information is available. The remaining lease term runs through 10/31/2026 and you have the option to either takeover the existing lease term or sign a longer direct lease with Landlord. The existing lease is a modified gross (MG) lease with rent at $1, 100/mo and the Tenant is responsible for all utilities: heat/fuel, electric, water/sewer, trash, communications/data services, and any additional services they wish to contract. Utility use/expense information is available. Landlord is responsible for the Property Taxes, Property Insurance, and CAM charges. Prospective tenants must be well-qualified and have strong references.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $880 | $880 | $880 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $6 | $6 | $7 |
Total Monthly Payment | $81 | $81 | $82 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.