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$XXX,XXX
Status: OFF MARKET
This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenant is required to cover property taxes and maintenance fees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s, The seller is highly motivated to sell and is eager to show its gem, so don't miss out on this opportunity!
| Property Type | :Commercial |
|---|---|
| MLS Number | :X8014648 |
| Listing Type | :Sale |
| Property Age | :51-99 years |
| Possession Date | : |
| Last Updated | :06 Apr, 2024 (213 Days ago) |
| Source | :TRREB |
| Area | :Cochrane |
|---|---|
| Postal Code | : |
| Price | : $515,000 |
|---|---|
| Property Taxes | :$8941.35 |
| Tax Year | :2023 |
|---|
| Cross Street | :Lion Crest Lane And Grant St |
|---|
22 Jan, 2024
TREB #X8014648
Available
$515000.0
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