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$1,499,000
Status: For Sale
RARE OPPORTUNITY! Commercial investors dream in the historic old town Niagara-on-the-lake, with only one single AAA tenant, the current owner intends to stay multiple terms. Seller Lease back. 6% CAP RATE WITH TRIPLE NET LEASE (Tenant pays $90,000 annual base rent, plus property taxes, plus common element fee, plus utilities) This beautiful retail space sits on the main street of Niagara-on-the-lake and is surrounded by many busy / successful businesses. $350,000 in leasehold improvements. Great ROI with a very stable long-term tenant, in an area with substantial growth potential. Seller lease back situation. The owner is the tenant.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X8483988 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :25 Jul, 2024 (114 Days ago) |
| Source | :TRREB |
| Area | :Niagara |
|---|---|
| Postal Code | : L0S 1J0 |
| Price | : $1,499,000 |
|---|---|
| Property Taxes | :$1000.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Queen Street / King Street |
|---|
27 Jun, 2024
TREB #X8483988
Available
$1499000.0
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