Log In/Sign Up
Your email has been sent.
89-91 E Central Ave 7,613 SF 86% Leased Retail Building Pearl River, NY 10965 $174,490 CAD ($22.92 CAD/SF)
EXECUTIVE SUMMARY
TURN-KEY FAST-CASUAL RESTAURANT - BUSINESS-ONLY SALE
Formerly Taco Taxi | 89 E Central Ave, Pearl River, NY 10965
ASKING PRICE
$150,000 includes all FF&E and assignment of the existing lease
PREMISES & LEASE
1,084 SF vented kitchen plus 22 interior seats
Approximately 3 years remain on the current 5-year term; two 5-year renewal options in place
Below-market base rent (details under NDA)
Tenant pays utilities only; landlord covers roof, structure, and taxes (occupancy about 7 percent of sales)
FINANCIAL HIGHLIGHTS*
Three-year average gross sales: mid-$400Ks
Normalized Seller’s Discretionary Earnings (SDE): $80–90K
Pricing multiple: about 1.7–1.9x SDE (Rockland QSRs trade 2.0–2.5x)
Less than 24-month cash-on-cash payback on current cash flow
*2022-2024 corporate tax returns on file (Carrasco Food Corp) NDA required
INCLUDED FF&E (2021-22 vintage; replacement value about $280K)
8' CaptiveAire hood with Ansul system
6-burner range, 36" flattop, double-basket fryer
2-door prep fridge, 3-door reach-in, walk-in cooler and freezer
POS and CCTV package, 4-ton rooftop HVAC, ADA restroom, stainless sinks
GROWTH OPPORTUNITIES
Add breakfast or weekend brunch service
Obtain beer and wine license (margarita program)
Launch native online ordering and office catering trays
Reactivate take-out window for NJ Transit commuters (half block away)
Ghost-kitchen sub-brand for northern Bergen County
DUE DILIGENCE PACKAGE (available with NDA)
2022-2024 tax returns
Full equipment list and serial numbers
Executed lease and options rider
DOH inspection history, 2022-2025 (no critical violations)
SHOWINGS & CONTACT
Confidential tours by appointment only. Proof of funds of at least $100,000 required before release of financials.
Formerly Taco Taxi | 89 E Central Ave, Pearl River, NY 10965
ASKING PRICE
$150,000 includes all FF&E and assignment of the existing lease
PREMISES & LEASE
1,084 SF vented kitchen plus 22 interior seats
Approximately 3 years remain on the current 5-year term; two 5-year renewal options in place
Below-market base rent (details under NDA)
Tenant pays utilities only; landlord covers roof, structure, and taxes (occupancy about 7 percent of sales)
FINANCIAL HIGHLIGHTS*
Three-year average gross sales: mid-$400Ks
Normalized Seller’s Discretionary Earnings (SDE): $80–90K
Pricing multiple: about 1.7–1.9x SDE (Rockland QSRs trade 2.0–2.5x)
Less than 24-month cash-on-cash payback on current cash flow
*2022-2024 corporate tax returns on file (Carrasco Food Corp) NDA required
INCLUDED FF&E (2021-22 vintage; replacement value about $280K)
8' CaptiveAire hood with Ansul system
6-burner range, 36" flattop, double-basket fryer
2-door prep fridge, 3-door reach-in, walk-in cooler and freezer
POS and CCTV package, 4-ton rooftop HVAC, ADA restroom, stainless sinks
GROWTH OPPORTUNITIES
Add breakfast or weekend brunch service
Obtain beer and wine license (margarita program)
Launch native online ordering and office catering trays
Reactivate take-out window for NJ Transit commuters (half block away)
Ghost-kitchen sub-brand for northern Bergen County
DUE DILIGENCE PACKAGE (available with NDA)
2022-2024 tax returns
Full equipment list and serial numbers
Executed lease and options rider
DOH inspection history, 2022-2025 (no critical violations)
SHOWINGS & CONTACT
Confidential tours by appointment only. Proof of funds of at least $100,000 required before release of financials.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,613 SF
Building Class
C
Year Built
1959
Price
$174,490 CAD
Price Per SF
$22.92 CAD
Percent Leased
86%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.23 AC
Zoning
CS
Parking
8 Spaces (1.05 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
89-91 E Central Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.