First commercial deal??

[Matthew Stover]

I need your advice on a possibility.

A guy here in town wants to sell his building that has a bar in it. It only has space for one business.

The bar is pretty well known and pretty much the 2nd best bar in town.

He wants to sell the building for $275,000 he currently gets $2800 for rent and it's a triple net lease (the bar pays the insurance and taxes of about $400/month).

I'm thinking it's not a good deal.

What do you think?

Matthew08

P.S. I don't know exactly what constitutes a good deal in the commercial world. The bar is definitely covering the mortgage payment. What do you think?