Unknown Address ,
$429,000
A Fully Carefree Single-Tenant Commercial Building Is Located At A Busy Intersection In A Beautiful Small Town That Is A 2-Hour Drive East Of Toronto. The Current Tenant Is An Aaa Retail Business That Operates Successfully, And The Current Lease Runs Until May 31, 2024, With 3 X 3-Year Renewal Options. Based On The Base Rent, The Net Cap Rate Is 6%, And The Future Potential Value Of This Commercial Property Is High. It Is Located In The Busiest Location, Adjacent To Home Hardware And Lcbo, Where All The Locals Pass By. It Is A Suitable Investment Property With Low Capital Investment, Stable Rental Income, And Can Even Accommodate Semi-Retiring Investors.**** EXTRAS **** Buyer Must Be Discreet Not To Talk To The Tenant & Employees Of The Business. This Is For The Sale Of The Building, Not Including The Business Which Belongs To The Tenant. (id:51737)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
Property Details
| MLS® Number | X6033039 |
| Property Type | Retail |
Building
| Cooling Type | Fully Air Conditioned |
| Size Exterior | 1600 Sqft |
| Size Interior | 1600 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | Bldg=25 X 65 Ft |
| Size Total Text | Bldg=25 X 65 Ft |
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June 08 2023 01:21:39
Toronto Real Estate Board
Homelife Landmark Realty Inc.