301 E Hopkins Ave

The price is $765,000 for a lease/asset purchase. This is a rare opportunity to take over 3 long-term restaurant leases in the downtown core of Aspen, including the valuable existing build-out, below market rents, outdoor dining patios, all FF&E, and much more, providing maximum flexibility & opportunities for a new operator. Rustique Bistro is a traditional full restaurant & bar concept with an open kitchen, street-level dining & patio, plus a lower-level private dining/wine room and prep kitchen. Cooking School of Aspen is a lower-level flexible space for dining, cooking classes, special events of all sizes with all new state-of-the-art kitchen equipment installed in 2016. The charming Cottage was updated in May 2018 for special events. Seller prefers to close in the Spring 2019.These 3 leases provide an amazing synergy of spaces, assets and ambiance for a new restaurant operator to launch exciting new concepts and/or to continue with the existing success. The Sale and Assignment of the 3 leases (including all existing FF&E and more) are offered for $765,000. The current average NNN Base Rent for all 3 spaces is about $36 per SF. The current average CAMs (taxes, insurance, shared utilities, common area maintenance and management) for all 3 spaces is about $20 per SF. The total average gross rent is about $58 per SF. These 3 leases provide an amazing synergy of spaces, assets and ambiance for a new restaurant operator to launch exciting new concepts and/or to continue with the existing success. The Sale and Assignment of the 3 leases (including all existing FF&E and more) are offered for $765,000. The current average NNN Base Rent for all 3 spaces is about $36 per SF. The current average CAMs (taxes, insurance, shared utilities, common area maintenance and management) for all 3 spaces is about $20 per SF. The total average gross rent is about $58 per SF.